Staring down years of deficits, Chalmers spruiks budget as a 'platform for prosperity'
- Australia will face a record debt level of $940 billion for the 2024/25 fiscal year, according to Treasurer Jim Chalmers.
- Chalmers noted that responsible economic management will save taxpayers $60 billion in interest costs over the next eleven years despite rising borrowing costs.
- Deloitte Access Economics predicts an underlying deficit of $26.9 billion, slightly better than previous estimates, as spending promises impact government debt.
- Economist Chris Richardson states that the government's approach to off-budget spending makes true underlying deficits increasingly irrelevant.
20 Articles
20 Articles
Staring down years of deficits, Chalmers spruiks budget as a 'platform for prosperity'
With an expected decade of deficits on the horizon, Treasurer Jim Chalmers will try to convince voters that Tuesday's federal budget manages to balance the need to keep a lid on spending while giving struggling households enough support.
Budget 2025: Australian Treasurer Says Budget to Focus on Resilience Amid US Trade Tensions
Australian Treasurer Jim Chalmers says building resilience in the face of global economic uncertainty will be a core element of the budget to be handed down on the evening of March 25. Chalmers has described the budget as a chance to put the economy “front and centre” in the lead-up to the election, hailing it as a “budget to build Australia’s future.” But one factor stands out in Chalmers’ messaging on the upcoming budget—resilience. With U.S. …
National debt in focus as budget day arrives
Jim Chalmers will release Labor's fourth federal budget today under a cloud of increased national debt, and Anthony Albanese is under internal pressure for his salmon farming 'captain's call'. The post National debt in focus as budget day arrives appeared first on Crikey.
Coverage Details
Bias Distribution
- 60% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage