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flag Treasurer Chalmers rejects opposition spending plan, citing surpluses and rejecting GST hike.

flag Treasurer Jim Chalmers rejected a bipartisan spending restraint proposal from Opposition Leader Angus Taylor, calling it politically motivated and questioning Taylor’s economic credibility. flag The offer, aimed at addressing rising federal spending projected to exceed $1 trillion and push debt near $993 billion, sparked debate over fiscal responsibility. flag Chalmers cited two consecutive budget surpluses as evidence of Labor’s fiscal discipline. flag 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. flag The Liberal Party criticized the government’s refusal to cooperate, warning of economic risks.

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