Australia's growth downgraded and inflation drives massive rise in cost of pensions and payments in budget
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Tuesday’s budget will point to a slowing Australian economy, with growth forecasts cut, and contain more than $21 billion of savings and decisions to redirect spending.
Delivered against a background of rising inflation, increasing interest rates and huge global uncertainties, Treasurer Jim Chalmers’ first budget will also contain...
