jim chalmers

Jim Chalmers says upward revisions to revenue driven by the Iran war will be used to pay down debt. ( ABC News: Stuart Carnegie ) A larger-than-expected tax take driven by the Iran war will be entirely used to pay down Commonwealth debt. Treasurer Jim Chalmers is managing expectations of major cost-of-living relief in the federal budget, saying the government will save more than it spends when the budget is handed down. The federal budget will be delivered on May 12. The extra tax revenue generated by the Iran war will be saved in its entirety, as the government downplays major cost-of-living