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Jacob Shteyman

Treasurer to tighten belt in 'few surprises' budget

Economy Jim Chalmers Jono Searle Federal Budget

Treasurer Jim Chalmers says tighter revenue means the premium is bigger on choosing what to fund. (Jono Searle/AAP PHOTOS)

Australia's economic luck is running out, meaning fewer spending promises from the government ahead of the election.

The federal budget will contain the smallest revenue upgrade by far in this term of government when it is released next week, Treasurer Jim Chalmers has confirmed.

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