Chalmers says reining in NDIS spending is key to May budget savings amid economic pressures.

Treasurer Jim Chalmers says reining in spending on the National Disability Insurance Scheme will be a key focus of the upcoming May budget savings package. Economic pressures from the Iran conflict, including rising oil prices and instability near the Strait of Hormuz, have worsened the fiscal outlook, prompting a downward revision of revenue expectations. Chalmers acknowledged that earlier forecasts of significant tax gains from the war were overly optimistic.