SMH
·general
·2 hours ago
Treasurer Chalmers bets on housing and productivity amid Iran war inflation risks
Australian Treasurer Jim Chalmers released his fifth budget Tuesday, betting on housing affordability gains and productivity boosts while acknowledging geopolitical risks. A potential Iran war escalation could spike oil to $200 per barrel, threatening 7.25 percent inflation and economic contraction. Chalmers forecasts cumulative deficits of $150.5 billion through 2029-30, relying on record personal income tax collection of $382.4 billion.
Summary by Glance · SMH
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