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Inflation and spending pressures ‘important factors’ for federal budget
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Treasurer Jim Chalmers says inflation, the world economy and spending pressures are “the three most important factors” which provide the backdrop for the Labor government's upcoming budget.
“There are three priorities for the budgets, first of all, provided responsible cost of living relief that has an economic dividend,” Mr Chalmers said in a press conference on Tuesday.
“Secondly, invest in the resilience of the economy by investing in people – investing in areas like skills and training where we’ve got obvious skills and labour shortages.
“Thirdly, is to begin to unwind some of the wasteful spending which has been a feature of budgets in this country for the best part of a decade."
“There are three priorities for the budgets, first of all, provided responsible cost of living relief that has an economic dividend,” Mr Chalmers said in a press conference on Tuesday.
“Secondly, invest in the resilience of the economy by investing in people – investing in areas like skills and training where we’ve got obvious skills and labour shortages.
“Thirdly, is to begin to unwind some of the wasteful spending which has been a feature of budgets in this country for the best part of a decade."
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