Figures released by the Australian Bureau of Statistics yesterday showed living standards are going backwards and household spending has slumped.
Chalmers is preparing both a mid-year financial update to be handed down in the coming weeks, and also a pre-election budget, scheduled for March.'We are always looking for responsible ways to help people where we can. But for the longer time, the government is banking on the business sector to pull Australia out of the economic doldrums.
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