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PM says budget strengthens Australia in face of global turbulence
Asked whether there’s enough reserve in the budget to weather another global economic storm – for example, if the US tariffs wreak havoc in global markets – Albanese reiterates the point that Labor has set up the budget to reduce deficits and improve the bottom line.
What we’ll always do is stand up for Australia’s national interest. That is what we will do. That’s what we’ve done in advocating for Australia’s national interest…
We’re making sure as well that we set Australia up by not being reliant on any one country, by diversifying our trade relationships and by improving those relationships in our region and around the world.
Well, we intervened in the [energy] market. One of the things that we did before the last election was, of course, to say that renewables were the cheapest form of new energy … Angus Taylor introduced a special provision in the parliament to hide the fact that there was a 20% increase in prices due just after the election.
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Source link : https://www.theguardian.com/australia-news/live/2025/mar/26/australia-politics-live-budget-reaction-chalmers-labor-coalition-election-us-trump-ntwnfb
Author : Krishani Dhanji
Publish date : 2025-03-25 21:17:00
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