Australia News

‘Not the Time to Slash and Burn’: Treasurer Says No Spending Cuts Planned

The government is under pressure to reel in Australia’s growing debt burden.
‘Not the Time to Slash and Burn’: Treasurer Says No Spending Cuts Planned
Federal Labor Treasurer Jim Chalmers at a press conference at Parliament House in Canberra, Australia on Feb. 15, 2024. AAP Image/Mick Tsikas
Alfred Bui
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Australian Treasurer Jim Chalmers has said that there will not be significant spending cuts in the upcoming federal budget.

“This is not the time for scorched earth austerity. This is not the time to slash and burn in the budget when people are doing it tough and when growth in our economy is weaker than we would like it to be,” he said on May 6.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].