Jim Chalmers says federal budget will contain ‘meaningful and substantial’ cost-of-living relief
by Patrick Commins Economics editor from World news | The Guardian on (#6W07V)
Treasurer says he would welcome the opportunity to put the economy front and centre' in the upcoming election campaign
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Labor's fourth budget will contain another round of meaningful and substantial" cost-of-living relief for Australian households, even as Jim Chalmers confirmed there would be a sharp deterioration in this financial year's bottom line after back-to-back surpluses.
The treasurer said next Tuesday he will unveil a deficit close to the $26.9bn predicted at the December midyear update, and that the windfall tax gains from high commodity prices and a booming jobs market were now a thing of the past.
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