Bloomberg on Nostr: Australia’s Budget Will Boost Critical Minerals, Treasurer Says ========== ...
Australia’s Budget Will Boost Critical Minerals, Treasurer Says
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Australia's Treasurer, Jim Chalmers, has stated that the country's budget will include a significant boost for the critical minerals industry. The budget, set to be released on Tuesday, aims to strike a balance between containing inflation and investing in Australia's economic future. The critical minerals industry is a key part of Australia's push to capitalize on the global green energy revolution. The government's Future Made in Australia program will focus on stimulating high-tech and green manufacturing through tax incentives and targeted grants. The budget is expected to announce a second consecutive surplus, with a forecasted windfall of AUD 11 billion. However, a weaker outlook for China, Australia's largest trading partner, poses a threat to economic growth. Chalmers stated that the budget would forecast China's GDP growth to remain between 4% to 5%, but also highlighted the potential of fast-growing markets in the ASEAN region as an opportunity for trade and growth.
#Australia #Budget #CriticalMinerals #JimChalmers #FutureMadeInAustraliaProgram #GreenEnergy #Manufacturing #China #Asean
https://www.bloomberg.com/news/articles/2024-05-12/australia-s-budget-will-boost-critical-minerals-treasurer-jim-chalmers-says
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Australia's Treasurer, Jim Chalmers, has stated that the country's budget will include a significant boost for the critical minerals industry. The budget, set to be released on Tuesday, aims to strike a balance between containing inflation and investing in Australia's economic future. The critical minerals industry is a key part of Australia's push to capitalize on the global green energy revolution. The government's Future Made in Australia program will focus on stimulating high-tech and green manufacturing through tax incentives and targeted grants. The budget is expected to announce a second consecutive surplus, with a forecasted windfall of AUD 11 billion. However, a weaker outlook for China, Australia's largest trading partner, poses a threat to economic growth. Chalmers stated that the budget would forecast China's GDP growth to remain between 4% to 5%, but also highlighted the potential of fast-growing markets in the ASEAN region as an opportunity for trade and growth.
#Australia #Budget #CriticalMinerals #JimChalmers #FutureMadeInAustraliaProgram #GreenEnergy #Manufacturing #China #Asean
https://www.bloomberg.com/news/articles/2024-05-12/australia-s-budget-will-boost-critical-minerals-treasurer-jim-chalmers-says