SMH
·general
·1 hour ago
Chalmers Budget Forecasts Slower Growth Amid Middle East Economic Pressures
Treasurer Jim Chalmers presented a budget navigating economic challenges from the Middle East war, with Treasury forecasting slower growth of 1.75 percent by 2026-27. The government expects inflation to reach 5 percent and wages to fall behind price rises, while federal spending is projected at 833.3 billion dollars in 2026-27. Social security and welfare represents over one-third of government expenses.
Summary by Glance · SMH
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI