Rodrigo Santos Andrade share

Business leaders urge Labor to slash government spending

visibility comment0 event February 2, 2026 timer 16:47

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Business leaders are asking the federal government to slash more than $50 billion a year from spending.

The calls to cut spending are a bid to curb inflation to ease the pressure on the Reserve Bank.

The Australian Chamber of Commerce says spending must return to pre-COVID levels.

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