Treasurer reveals Tuesday's budget will include a near 33 billion dollar increase to social security payments

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Treasurer Jim Chalmers has revealed that Tuesday's budget will include a near 33 billion dollar increase to social security payments, mostly as a result of high and persistent inflation. Chalmers has told the ABC that Tuesday's budget, his first as Treasurer, will be "family-friendly" but he concedes wages are not expected to equal or exceed inflation until the year after next.

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