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Treasurer tips inflation to nudge 8 per cent by Christmas
Inflation is expected to rise from its current, decades-high 6.1 per cent to 7.75 per cent by the end of the year, Treasurer Jim Chalmers has warned.
Inflation is expected to rise from its current, decades-high 6.1 per cent to 7.75 per cent by the end of the year, Treasurer Jim Chalmers has warned.
The Treasury secretary’s candid assessment of Australia’s budget challenges raises the question of whether the Albanese Government will pursue small target policies or a Hawke-Keating style economic legacy, writes Michelle Grattan.
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Prime Minister Scott Morrison will order “well paid” public servant bosses to make $2.7 billion in cuts to help the government claw back savings, but insists money won’t be slashed from essential services. InDaily’s Stephanie Richards reports from the election campaign trail.
The State Opposition is under pressure to fast-track its leadership transition, with the Malinauskas Government today revealing state parliament will return in the first week of next month, with the state budget to be handed down just four weeks later.
The Liberal and Labor parties are fighting internal battles with factions and sometimes their own members over preselections as the May ballot draws closer, writes Michelle Grattan.
Premier Steven Marshall has accused Labor of “splashing money around like it’s confetti”, as the Opposition announced a $10 million plan to revive the pandemic-smashed live music industry and lashed the government over hospitality venue restrictions.