Treasurer Jim Chalmers claims opposition's budget response would punch multi-billion-dollar hole in budget

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Treasurer Jim Chalmers claims opposition's budget response would punch multi-billion-dollar hole in budget
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Treasurer Jim Chalmers says the opposition's proposals would leave about $40 billion worth of spending unanswered, though those claims appear to include restoring tax cuts for wealthy Australians, which the Coalition is yet to commit to.

Treasurer Jim Chalmers claims the Opposition has billions unaccounted for in their budget reply.The federal government will seek support for its budget proposals, including on housing and migration.

The Coalition has proposed cutting permanent migration intake to 140,000 for two years, before gradually increasing it again in the following years."He hasn't factored in the damage it would do to the economy ... it will cost the economy billions of dollars," he said. But its chief executive Denita Wawn acknowledged cutting migration could ease pressure in the short term.

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