Treasurer Jim Chalmers says the government has the “right economic plan” to deal with the trillion dollars of debt that is becoming “more expensive” with rising interest rates and inflation.
“Deloitte have come out today and made, I think, the accurate point that we have inherited the trickiest set of economic conditions that a new government has inherited in memory,” he said.
“And that’s because we do have high and rising inflation, those rising interest rates, we do have all of that debt.
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