The Age
·general
·2 hours ago
Chalmers prepares for a $60 billion budget hit
Treasurer Jim Chalmers faces a $60 billion budget hit from hospital funding, welfare payments and defence spending ahead of next month's federal budget. Major costs include $25 billion for hospital agreements, $4.4 billion for disability support pensions and $14 billion for defence. Chalmers promises spending restraint and tax changes to manage the deficit amid inflation and Middle East tensions.
Summary by Glance · The Age
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