Here's what's on the agenda as Treasurer Jim Chalmers prepares to meet his state and territory counterparts.
The statement will go into more detail about the RBA board's decision to push ahead with the rate rise and flag further hikes in months ahead to tackleDr Chalmers said he looked forward to working on some of the biggest economic challenges facing the nation.
"We'll further our efforts to address housing affordability and supply and discuss the work we will do in coming months to develop a pipeline of new affordable housing projects under the National Housing Accord announced at the budget," he said.READ MOREDr Chalmers said in an opinion article published on Friday the government was seeking to address inflation through energy bill relief, and cheaper medicines and child care, while being careful with overall budget spending.
It was also reforming the economy through fee-free TAFE, a National Reconstruction Fund, and programs to unlock more affordable housing. Deputy Liberal leader Sussan Ley said the government's plans for more spending, including via the National Reconstruction Fund, would drive up inflation and interest rates."I'd like to see Jim Chalmers remember the promise that his government made that life will be cheaper under me, and that matters for Australian households and businesses that are expecting cheaper electricity prices," she told reporters in Canberra.
The National Housing Accord is an agreement with the private sector, states and territories to build one million new homes over five years from 2024.
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