Meanwhile treasurer says next week’s budget will save more than it spends. Follow today’s news liveGet our breaking news email, free app or daily news podcastJim Chalmers says next Tuesday’s budget will not extend the 26 cent fuel tax cut beyond June.But with Australia “hostage” to the wild swings in global oil prices amid the ongoing US-Israel war on Iran, the treasurer said there was “a range of contingencies” prepared to help support households and the economy from any escalating damage as a result of the Middle East conflict.The budget will be calibrated for the conditions, but it will also still be consistent with our ambitions.The election began a year of delivery, and the budget will begin a year of more ambitious reform, reform which is made more not less, urgent by global inflation and global economic uncertainty. Continue reading…
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