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AAP
AAP
Business
Jacob Shteyman

CBA boss calls for spending cuts, bold reform in budget

The treasurer is being called to take bold action on cutting red tape to boost Australia's economy. (Alan Porritt/AAP PHOTOS)

The bosses of Australia's largest companies have urged Treasurer Jim Chalmers to take a bold agenda to the May budget to salvage the country's faltering international competitiveness.

Speaking at the Australian Financial Review Business Summit, Commonwealth Bank chief executive Matt Comyn urged business leaders, economists and policymakers to encourage ambitious spending and tax reforms.

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