Business

Australian Treasurer Warns of Budget Cuts Amid Economic Turmoil

Updated 2026-10-04 02:10 UTC 1 source Negative

Treasurer Chalmers warned that global economic pressures, exacerbated by Middle East conflicts and private sector inflation, will drive budget cuts in Australia. He urged the government to avoid a recession.

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The Guardian

Chalmers says global economic turmoil will drive budget cuts, but Australia should avoid recession

Treasurer says ‘very substantial and intensifying pressure’ on federal budget as he points finger at private sector for driving up inflation amid Middle East conflictGet our new political email, <a href="https

2026-10-04 01:41 UTC