Treasurer Jim Chalmers says the Federal Government will do what it “can afford to do” in delivering cost-of-living relief in next week’s Budget but suggested the bulk of that relief will be through already announced tax cuts.
Just hours ahead of the Reserve Bank of Australia’s May decision on interest rates, the Treasurer also announced the expected levels of gross debt in the Budget would be $152 billion lower than had been expected by the Coalition for the 2023-24 financial year.
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