Treasurer Jim Chalmers warns of increased economic uncertainty ahead of the May 14 budget due to Middle East tensions, China, and volatile markets.
Treasurer Jim Chalmers warns of increased economic uncertainty ahead of the May 14 budget due to rising tensions in the Middle East, a struggling Chinese economy, and volatile global markets. These factors, along with record gold prices and surging oil costs, make the government's budget planning more challenging in the fragile economic environment. Geopolitical tensions play a major role in shaping the upcoming budget.
April 13, 2024
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