Australia’s defence spending to be released today, house prices soar on global debt scale and Julian Assange extradition talks continue.
Treasurer Jim Chalmers is due to meet international economic figures in Washington DC but is keeping an eye on domestic affairs, making a strident defence of the government’s big-budget “future made in Australia” scheme.The Albanese government has pledged to deliver an unspecified sum of many billions in financial support to kick-starting manufacturing of low-emissions technologies like solar panels and batteries while boosting processing of critical minerals.
“Public investment is a key part of our focus here but not the only or biggest part,” Chalmers said.“The May Budget will include significant new public investments, but our aim is to incentivise the private sector, not replace it. Anything the Government does will only ever be a tiny sliver of what’s needed. Private investment will and should continue to do most of the heavy lifting.
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