Chalmers Preps Budget, IFM Cautions on Sustainable Aviation Fuel

Happy Budget Day from Bloomberg’s Melbourne bureau. Tonight, Jim Chalmers hands down the government’s spending plan, with concessions for property investors in the cross-hairs. But what about the yield curve? We have you covered: it could flatten and the premium over US Treasuries ease, according to strategists anticipating restrained spending from Canberra. Catch Chalmers’ pre-budget interview in case you missed it. Elsewhere, IFM Investors has warned plans to develop sustainable aviation fuel may flounder without government support. — Richard Henderson, Australian Finance Reporter

Treasurer Jim Chalmers is expected to crack down on tax concession for property investors when he hands down his fiscal blueprint at around 7:30 p.m. in Canberra on Tuesday. The budget is expected to show an easing of the cash deficit to around A$25 billion, according to economists, from an official estimate six months earlier of around A$34 billion.