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More cuts coming as Chalmers reveals $20 billion slice to budget

Treasurer Jim Chalmers reallocates $400 million to clean technology and ends an energy subsidy, contributing to $20 billion in budget savings amid stronger tax revenues.

Jim Chalmers and Katy Gallagher will reveal $20 billion in new spending cuts and changes in the mid-year budget update as they try to bring the deficit under control.

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Sydney Morning Herald broke the news in Sydney, Australia on Sunday, December 14, 2025.
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