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Newcastle Herald
Newcastle Herald

The federal budget must walk a tightrope amid cost of living fight

JIM Chalmers, pictured, may be Australia's treasurer but on Tuesday night he will also have to shore up his credentials as a tightrope walker.

The Labor government will deliver its May budget with a clear needle to thread: relieve some of the brutal cost of living pressures faced across the country, but keep inflation from overheating further at the same time. In essence, they must relieve pressure on the hip pocket while discouraging spending.

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