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Jim Chalmers says budget will be ‘most responsible ever’

Josh Butler

The government boasts of making more savings than usual in next week’s budget. Jim Chalmers He said his fourth budget would have “more restrictions.”

Treasurer said:

double quotesResponsible economic management has been the hallmark of this Albanian Government and the May Budget will be our most responsible yet.

It is understood next Tuesday’s budget will include larger gross savings than usual, representing the second consecutive budget in which the government has said it saved more than it spent. Any upward revision in revenue to pay off debts and improve the profitability of the budget will also be transferred to the bank.

“There will be more savings and more spending restrictions that will help pay down more of the trillion-dollar debt the Liberals left behind,” Chalmers said.

He added:

double quotesWe’re making the budget better because it helps fund the things Australians need and deserve, like Medicare, aged care and living costs assistance.

In this Budget you will see more responsible economic management and more restrictions from the Albanian Government.

Amid concerns about inflation and the impact of government spending on inflation, Labor says it is trying to keep real spending growth in check.

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Accountant Jim Chalmers and finance minister Katy Gallagher We’re talking in Canberra about the upcoming budget.

Gallagher said there would be “savings in every portfolio.”

Asked about the Prime Minister’s comments over the weekend that he was reconsidering plans for universal childcare, Chalmers said people “should not underestimate the steps we have already taken”:

double quotesWe have already taken some very important steps when it comes to reforming early childhood education and care; probably more than any other government when it comes to affordability and access, and we recognize that early childhood education and care is more than childcare and babysitting.

And so we have dramatically redirected the way this country thinks about early education. We are very proud of this. And there is a desire, from the Prime Minister onwards, to do more on this when we can.

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