Labor government faces backlash over budget's focus on redistribution not growth
Australia's Labor government faces criticism after its recent budget focused on redistribution instead of growth, potentially reducing housing supply by 35,000. Treasurer Jim Chalmers has emphasized the need for new economic models amid falling real wages and rising inflation. With concerns mounting, Labor must address the challenge of sustaining middle-class living standards amid economic turmoil.
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Published 09 Jul 2026, 19:00 UTC · Updated 09 Jul 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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