Federal treasurer also reveals mid-year budget update out this week will show bigger deficits than May papersFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe federal treasurer says the Coalition’s nuclear policy costings suggest a $4tn hit to Australia’s economy over the next 25 years, based on its assumption that the economy will be smaller with less need for energy.Jim Chalmers on Sunday also conceded that the mid-year budget update to be released this week would reveal bigger deficits than the May budget, describing the revision as “slippage”.Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/dec/15/jim-chalmers-says-coalitions-nuclear-plan-represents-4tn-hit-to-economy-by-2050
Author : Karen Middleton
Publish date : 2024-12-15 01:03:33
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Jim Chalmers says Coalition’s nuclear plan represents $4tn hit to economy by 2050
