Federal Budget Faces $1.2 Billion Blowout as Ex-Cyclone Alfred Wreaks Havoc
2025-03-17
9News.com.au
The Australian government's upcoming federal budget has been dealt a significant blow, with Ex-Cyclone Alfred causing an estimated $1.2 billion in damages. Treasurer Jim Chalmers has announced an extension to the disaster recovery allowance to support affected communities. As the country struggles to recover from the devastating cyclone, the government is under pressure to balance its budget while providing adequate relief measures. With the economic impact of natural disasters on the rise, the government must navigate a complex web of financial priorities, including disaster relief and budget management, to ensure a sustainable economic future for Australia.