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CANBERRA, Australia, NewsWire Photos. May 13, 2026: Treasurer Jim Chalmers addresses the National Press Club at Parliament House, delivering his definitive post-budget roadmap. One day after handing down the 2026-27 Federal Budget, Dr Chalmers defended the government's "ambitious but responsible" fiscal settings amidst ongoing global volatility and the "fourth economic shock" of trade tensions. The Treasurerââ¬â¢s address focused on the "Intergenerational Fairness" package, which includes landmark reforms to negative gearing and capital gains tax (CGT) aimed at rebalancing the housing market for younger Australians. He argued that the $64 billion in total budget savings and the $10 billion fuel security package are critical to building national resilience and sovereignty. The session, which included a robust Q&A with the press gallery, underscored the Treasurerââ¬â¢s commitment to the "Fourth Economy" transitionââ¬âa strategy designed to foster productivity and long-term stability in an increasingly uncertain global environment. NewsWire / Martin Ollman.

Albanese, Chalmers knew what they were doing with the Budget

Jim Chalmers knew he would be branded a liar as he prepared the budget. He and the Prime Minister conceded 39 times on Wednesday that they backflipped on their election promise.

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‘Intergenerational fairness’ Budget will saddle young people with $1.2 trillion debt.

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