The Age
·general
·1 hour ago
Chalmers unveils budget as Middle East conflict pushes inflation to 5 percent
Treasurer Jim Chalmers unveiled a federal budget addressing economic pressures from the Middle East conflict, which has raised petrol prices and threatens further cost increases. Treasury forecasts economic growth will slow to 1.75 percent in 2026-27 while inflation hits 5 percent, outpacing wage growth of 3.25 percent. The government projects a $31.5 billion deficit next year despite finding savings.
Summary by Glance · The Age
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