The prime minister has further dampened the hopes of those looking for welfare increases and other budget handouts.
and other handouts in the May budget, saying it was important that fiscal policy matched monetary policy to see off inflation.
The tax cuts, scheduled to begin on July 1, were legislated by the Morrison government soon after the 2019 election and the cost has been factored into the budget ever since., but the cost of the tax package remained the same. “All of these measures had something in common, which is they were designed in a way to not add to inflation, and that is really important,” he said.
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