Reported 3 days ago
Australia's government announced tax cuts and increased spending in a pre-election budget aimed at addressing rising cost-of-living concerns and securing a second term for Prime Minister Anthony Albanese. The budget projects a deficit of A$42.1 billion, while critics argue it lacks a strong economic growth strategy amid global uncertainties. Key measures include a reduction in the lowest tax rate and funding for energy rebates and healthcare, as Labor seeks to regain voter trust before the upcoming elections.
Source: YAHOO