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Treasurer Chalmers rejects opposition spending plan, citing surpluses and rejecting GST hike.
Treasurer Jim Chalmers rejected a bipartisan spending restraint proposal from Opposition Leader Angus Taylor, calling it politically motivated and questioning Taylor’s economic credibility.
The offer, aimed at addressing rising federal spending projected to exceed $1 trillion and push debt near $993 billion, sparked debate over fiscal responsibility.
Chalmers cited two consecutive budget surpluses as evidence of Labor’s fiscal discipline.
The International Monetary Fund urged comprehensive tax reform in the May 2026 budget, including potential GST and corporate tax changes, though Chalmers ruled out a GST hike.
The Liberal Party criticized the government’s refusal to cooperate, warning of economic risks.
El tesorero Chalmers rechaza el plan de gasto de la oposición, citando excedentes y rechazando el aumento del GST.