Politics latest: Jim Chalmers hails $10bn deficit as proof of Labor’s ‘responsible economic management’

Treasurer Jim Chalmers says the government’s $10 billion deficit for 2024-25 demonstrates Labor’s economic credentials, with the final budget outcome coming in $18 billion better than earlier forecasts.

Treasurer Jim Chalmers addresses the media on the monthly inflation data on Monday. Picture: NewsWire/ Glenn Campbell

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