7 News – Business
·business
·1 hour ago
Treasurer Chalmers defends budget spending amid inflation warnings from RBA
Treasurer Jim Chalmers defended next week's federal budget on Wednesday amid pressure to deliver cost-of-living relief without fueling inflation. Reserve Bank Governor Michele Bullock warned that additional government spending could complicate efforts to control inflation, which reached 4.35 percent after rate rises. The budget may include a one-off payment of $200-$300 for salaried workers.
Summary by Glance · 7 News – Business
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