CANBERRA, ACT, Nov. 20 -- The Treasurer of Australia issued the following media release:
The International Monetary Fund has today backed Australia's budget and fiscal strategy at a time of global uncertainty.
The IMF's Statement highlights Australia's soft landing, strong economic foundations and our ambitious reform agenda.
It is a powerful endorsement of Labor's responsible economic and fiscal management.
"Australia is managing a soft landing amid global uncertainty: inflation has declined significantly, the labor market is still strong, and private demand is recovering," the IMF finds in its Concluding Statement for its 2025 Article IV Mission to Australia.
"The Commonwealth's fiscal strategy has been effective over the post‑...