Federal Treasurer Jim Chalmers acknowledged the Middle East conflict's substantial influence on fiscal planning. Escalating fuel prices exacerbated inflationary pressures and constrained macroeconomic growth. Nevertheless, the forthcoming budget will demonstrate improved fiscal metrics compared to the December iteration. The administration is exercising spending restraint while pursuing resilience-oriented structural reforms.
Chalmers further examined housing market dysfunctionality, characterizing the prevailing tax architecture as fundamentally misaligned. The government intends to recalibrate fiscal treatment across diverse income streams. Younger demographics bear disproportionate burdens within this regressive framework. Immediate intervention is imperative to address these systemic inequities.
Sources: theguardian.com
The words in bold are from the article.
| 1. acknowledged | a. worsened |
| 2. exacerbated | b. economy-wide |
| 3. macroeconomic | c. excessive |
| 4. iteration | d. adjust precisely |
| 5. dysfunctionality | e. version |
| 6. architecture | f. essential |
| 7. recalibrate | g. admitted |
| 8. demographics | h. structure |
| 9. disproportionate | i. population groups |
| 10. imperative | j. failure to work properly |
1.g 2.a 3.b 4.e 5.j 6.h 7.d 8.i 9.c 10.f