Government deficit figure has improved, but fiscal restraint important
Treasurer Jim Chalmers has unveiled a mid-year budget update marked by fiscal restraint, highlighting a $5.4 billion improvement to the deficit alongside critical new funding for the CSIRO and community security. However, the outlook remains fraught as rising inflation threatens real wage growth and persistent spending pressures in childcare and the NDIS continue to squeeze the bottom line.
SBS News In Depth · SBS Audio
December 17, 20255m 3s
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Show Notes
Treasurer Jim Chalmers has unveiled a mid-year budget update marked by fiscal restraint, highlighting a $5.4 billion improvement to the deficit alongside critical new funding for the CSIRO and community security. However, the outlook remains fraught as rising inflation threatens real wage growth and persistent spending pressures in childcare and the NDIS continue to squeeze the bottom line.