7 News – Business ·business ·2 hours ago

Opposition leaders urge Treasurer Chalmers to rein in spending before budget

Opposition leaders are pressuring Treasurer Jim Chalmers to control spending ahead of the May 12 federal budget. Nationals senator Bridget McKenzie warned that rising inflation and ongoing global instability mean the government must make tough decisions to mitigate economic risks. The International Monetary Fund urged against new cost-of-living relief without offsetting cuts, warning it could worsen inflation.

Summary by Glance · 7 News – Business

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