Treasurer Jim Chalmers says the budget makes hard decisions for hard times.
“New policies have been largely offset across this year and next, to avoid adding to inflation when price pressures are most acute, and nearly all of the tax upgrades over the forward estimates have been returned to the budget, not spent,” Dr Chalmers said.
“The budget that we inherited was stuck in a structural deficit, so our job in the short term is to limit growth in spending, especially while inflation is high.
“In the longer term, there’s a bigger job to do as well, to put the budget on a more sustainable path.”
Source: Sky News
