Treasurer warns of economic slowdown ahead of budget | 7NEWS

1 week ago The Front Page News

Treasurer Jim Chalmers warns of slower economic growth and higher unemployment due to Middle East conflict impacts, while preparing for next month’s federal budget. The government plans to reform the National Disability Insurance Scheme, cutting growth to 5%, and introduce tax reforms allowing workers to claim $1,000 in deductions without receipts, benefiting 6.2 million Australians from 2026-27. Speculation continues around potential capital gains tax changes on housing to assist first-home buyers.

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