Cyclone Alfred to cost budget $1.2 billion, hit growth and push up inflation: Chalmers
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Cyclone Alfred will cost the March 25 budget at least A$1.2 billion, hit growth and put pressure on inflation, Treasurer Jim Chalmers says.
In a Tuesday speech previewing the budget, Chalmers will also say that on preliminary estimates, the cyclone’s immediate hit to GDP is expected to be up to $1.2 billion, which could wipe a quarter...
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