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flag Australian Treasurer Chalmers plans to balance household relief with tax reforms to boost growth amid global instability.

flag Ahead of his fifth budget due May 12, Australian Treasurer Jim Chalmers acknowledged that global instability, including the Middle East conflict, is unfairly burdening Australian households. flag He stated the government will balance immediate relief for families with long-term structural reforms to boost economic growth and reduce inflation. flag Chalmers emphasized a focus on tax reform and intergenerational equity, signaling ongoing work to make the tax system fairer, though he stopped short of confirming specific measures like taxing superannuation.

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