the headline was changed:
Live: F-35 parts mistakenly diverted Defence quietly doubles post-service call-back for new recruits to Hong Kong not 'sensitive', Marles says10 years
the headline was changed:
Live: Bragg F-35 parts mistakenly diverted to reignite super fight with housing planHong Kong not 'sensitive', Marles says
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Full article, in plain language
A plan for Australians to use their superannuation to make it easier to secure a home loan is set to be floated by Shadow Housing Minister Andrew Bragg.
Treasurer Jim Chalmers has just sat down in the ABC Radio National Breakfast studio.
He's asked about the intergenerational report and projections Australia will remain in deficit over the next 40 years. Has the government given up returning the budget to surplus?
"The intergenerational report does paint a picture of some pretty serious budget pressures and economic risks but we're optimistic about the future because we've got a lot going for us as well."
He argues Australia's budget is better off than others because the debt profile "actually comes down over the 40 year period".
"Whereas in a lot of other countries, int he next decade and decades is going up," Chalmers says.
He said there are pressures in the housing market and the tax system but he hopes in time the changes including in the May budget -- including scaling back negative gearing and the capital gains tax discount -- will be vindicated in time.
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