The first week of the new parliament will contain some depressing news, with Treasurer Jim Chalmers on Monday softening up the community to expect a “confronting” statement on the economy.
Chalmers said he would deliver his statement on Thursday July 28. It will contain updated forecasts, and bad news on real wages.
While argy bargy over the government’s climate legislation will provide much of the colour and movement of the first parliamentary fortnight, commencing July 26, the Chalmers statement will go to the nitty gritty of how difficult the economic outlook – and therefore many people’s financial juggling – will be over the months ahead.
