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Australia news live: Chalmers says budget will pay down more debt; families of Bondi shooting victims to take stand at royal commission

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Jim Chalmers says budget will be 'our most responsible yet' Josh Butler The government is boasting of making bigger than usual savings in next week’s budget, with Jim Chalmers saying his fourth budget will have “more restraint”. The treasurer said: double quotation mark Responsible economic management has been a hallmark of this Albanese Government and the May Budget will be our most responsible yet. It’s understood next Tuesday’s budget will include a bigger than usual gross saving, and represent the second consecutive budget where the government says it has saved more than it has spent. Any upward revisions to revenue will also be banked, in an effort to pay down debt and improve the budget bottom line. “There will be more savings and more spending restraint helping to pay down more of the trillion dollars of debt that the Liberals left behind,” Chalmers said.…

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