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Jim Chalmers slammed for ‘deteriorating position’ of Australia’s economy
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Shadow Finance Minister Jane Hume has slammed Treasurer Jim Chalmers for “deteriorating” the position of Australia’s economy.
Mr Chalmers is expected to reveal a second consecutive budget surplus.
It will make Jim Chalmers the first Labor treasurer since Paul Keating to produce back-to-back budget surpluses.
“Jim Chalmers inherited a strong economy with low levels of unemployment, and, in fact, we’ve seen a deteriorating position since then,” Ms Hume told Sky News Australia.
“Debt has increased by around $50 billion just in the last couple of years alone; spending has increased.”
Mr Chalmers is expected to reveal a second consecutive budget surplus.
It will make Jim Chalmers the first Labor treasurer since Paul Keating to produce back-to-back budget surpluses.
“Jim Chalmers inherited a strong economy with low levels of unemployment, and, in fact, we’ve seen a deteriorating position since then,” Ms Hume told Sky News Australia.
“Debt has increased by around $50 billion just in the last couple of years alone; spending has increased.”
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