Federal Treasurer Jim Chalmers says the Middle East conflict has shaped the new budget. Rising fuel prices worsened inflation and slowed economic growth. However, the upcoming budget will be stronger than the December version. The government is showing spending restraint while pursuing resilience and reform. Policy decisions aim to improve the budget position rather than detract from it.
Chalmers also addressed housing challenges. The housing market isn't working, and the tax system is out of whack. The government plans to rebalance tax treatment for different income sources. Young Australians particularly struggle with housing affordability. There's urgent pressure to fix these systemic issues immediately.
Sources: theguardian.com
The words in bold are from the article.
| 1. conflict | a. especially |
| 2. inflation | b. pressing |
| 3. restraint | c. careful control |
| 4. resilience | d. war |
| 5. reform | e. ability to pay |
| 6. addressed | f. make fair again |
| 7. rebalance | g. talked about |
| 8. affordability | h. rising prices |
| 9. particularly | i. change |
| 10. urgent | j. strength |
1.d 2.h 3.c 4.j 5.i 6.g 7.f 8.e 9.a 10.b