Treasurer says falling iron ore prices and a weaker labour market mean the large upgrades to revenue seen in the last two budgets will not be repeated
Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Australians should not expect a “big cash splash” from this year’s federal budget although the government will bank a smaller share of any increase in expected revenues, the treasurer, Jim Chalmers, told a Sydney audience.
Chalmers said there would likely be “additional cost-of-living help in the budget but it won’t be anywhere near the magnitude of the tax cuts”.
Continue reading…Treasurer says falling iron ore prices and a weaker labour market mean the large upgrades to revenue seen in the last two budgets will not be repeatedFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralians should not expect a “big cash splash” from this year’s federal budget although the government will bank a smaller share of any increase in expected revenues, the treasurer, Jim Chalmers, told a Sydney audience.Chalmers said there would likely be “additional cost-of-living help in the budget but it won’t be anywhere near the magnitude of the tax cuts”.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…