Australian treasurer warns of falling government revenue

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Australian treasurer warns of falling government revenue

STORY: Australian treasurer warns of falling government revenue SHOOTING DATE: March 15, 2024 DATELINE: March 16, 2024 LENGTH: 00:01:09 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of the airport, port and mine in Australia 2. various of the street views STORYLINE: Australia's Treasurer Jim Chalmers warned on Thursday that falling commodity prices and an uptick in unemployment will negatively impact revenue projections in Australia's upcoming federal budget. Chalmers made the remarks in a speech to a committee for economic development while outlining the Australian government's approach to its third federal budget, which he will hand down in May. He identified global uncertainty, persistent cost-of-living pressures and slowing growth as the three biggest drivers of the government's thinking regarding the budget. He said that the Australian government can no longer rely on large revenue upgrades, caused by tax receipts coming in larger than projected, due to the falling price of iro

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