Treasurer Jim Chalmers has rejected concerns his cost of living budget will fuel inflation and trigger more interest rate rises. auspol 7NEWS
Watch the latest news on Channel 7 or stream for free onIndependent economist Chris Richardson said the budget lacked the hard decisions needed to let the central bank keep interest rates on hold, and would pump money into the economy.
But Chalmers insisted his budget would not push up prices and the hip pocket help had been carefully calibrated so as not to drive inflation. Shadow treasurer Angus Taylor said the government has delivered “typical big-spending, big-taxing Labor budget”.
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