Treasurer Jim Chalmers has defended the Albanese government's balance sheet as the 'biggest positive turnaround' in a budget in a single parliamentary term 'in history'.
Treasurer Jim Chalmers has defended the Albanese government's balance sheet, declaring the Labor Party had made"substantial progress" economically since forming government, despite major"slippage" since two consecutive surpluses.Treasurer Jim Chalmers has defended the Albanese government's balance sheet as the"biggest positive turnaround" in a budget in a single parliamentary term"in history".
Mr Chalmers said"responsible economic management" was a"defining feature" of the Albanese government and would be reflected in the mid-year budget update. "There will be some slippage in some years, not in every year, even as we work to tighten the budget in the year that we're in now and some of those pressures are slowing growth, right down in mining exports and company taxes," Mr Chalmers said.
"That's because we're working through the backlog that we inherited from the Coalition, getting veterans the help that they need and deserve. The additional $1.8 billion over the next four years will be added to the $6.5 billion Mr Chalmers revealed in the May budget.
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