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Politics
Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Budget 2023: Budgeting for difficult times is hard – just ask Chalmers

Wes Mountain, CC BY-ND

Surplus or not, the budget papers show us living through pretty awful times.

Living standards measured by the buying power of wages are set to go backwards again in 2023-24 as wages grow by 3.75% while prices rise by 6%.

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