Australia's Treasurer Jim Chalmers unveiled a budget of "restraint" on Tuesday, promising relief from the rising cost of living without adding to inflation.
Delivering the Labor Government's first Federal Budget on Parliament, Chalmers said his responsible approach to revenue upgrades and spending restraint means gross debt as a share of GDP remains lower than at the Pre-election Economic and Fiscal Outlook in each year of the forward estimates.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.