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Top Australian business leaders urge Treasurer Jim Chalmers to cut spending and enact reforms in the May budget to improve economic competitiveness.
Top Australian business leaders, including Commonwealth Bank CEO Matt Comyn, have urged Treasurer Jim Chalmers to enact sweeping spending cuts and structural reforms in the May budget to tackle the nation’s declining global economic competitiveness.
Speaking at the Australian Financial Review Business Summit, they called for comprehensive tax and expenditure changes, stressing the need for urgent, collaborative action to boost productivity, restore confidence, and ensure long-term growth amid rising concerns over Australia’s economic trajectory.
Specific measures were not detailed.
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Los principales líderes empresariales australianos instaron al tesorero Jim Chalmers a recortar el gasto y promulgar reformas en el presupuesto de mayo para mejorar la competitividad económica.