Australian Treasurer Jim Chalmers has said that the government would improve the budget’s sustainability during the current parliamentary term despite rising public debt and government spending on welfare.
Following the release of his first budget on Oct. 25, the treasurer said the government had to make hard decisions to lower budget deficits and get funding for major welfare services like Medicare and the National Disability Insurance Scheme (NDIS).
In an interview with the Australian Broadcasting Corporation, Chalmers said the government needed to deal with many structural issues in the budget. However, he noted that these measures would be completed in the next two or three budgets….