Brisbane Times
·general
·1 hour ago
Chalmers to lower deficits amid cabinet frustration over Bullock’s warning
Treasurer Jim Chalmers will promise modest deficit reductions in next week's budget, attempting to counter criticism that Labor's spending pushed up interest rates. Reserve Bank Governor Michele Bullock sparked cabinet frustration by warning that government handouts could force another rate hike. The budget forecasts cumulative deficits of $143.3 billion through 2028-29, with savings from NDIS reforms and spending.
Summary by Glance · Brisbane Times
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