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Australian Treasurer Chalmers: Tumbling iron ore prices, softening labor market have hit government revenue
World FX news
Breaking news
Australian Treasurer Chalmers: Tumbling iron ore prices, softening labor market have hit government revenue
New
2024.11.20 11:45
2024.11.20 11:45
2024.11.20 11:45
After presenting his Ministerial Statement on the economy on Wednesday, Australian Treasurer Jim Chalmers said, "tumbling iron ore prices and a softening labor market have hit government revenue."
He discussed Australia's tough fiscal outlook due to weakened trading partner China and a softening job market.
Additional quotes
Leaving a "sliver" of the revenue windfalls that supported the Budget bottom line for the past two years.
"Confident, not complacent" that the worst of the inflation storm had passed.
Last updated
: 2024.11.20
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