Government deficit figure has improved, but fiscal restraint important copertina

Government deficit figure has improved, but fiscal restraint important

Government deficit figure has improved, but fiscal restraint important

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Treasurer Jim Chalmers has unveiled a mid-year budget update marked by fiscal restraint, highlighting a $5.4 billion improvement to the deficit alongside critical new funding for the CSIRO and community security. However, the outlook remains fraught as rising inflation threatens real wage growth and persistent spending pressures in childcare and the NDIS continue to squeeze the bottom line.
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