Treasurer Jim Chalmers says gross debt at the end of 2023-24 was $907bn. Follow the day’s news liveGet our breaking news email, free app or daily news podcastKaty Gallagher questioned on tomorrow’s RBA rate announcementThe Reserve Bank of Australia is meeting again this week, with another decision on rates expected tomorrow. The finance minister Katy Gallagher has been making the rounds this morning, speaking with ABC News Breakfast on this.Governments have to deal with the economic circumstances that are there before us. We inherited an inflation challenge with a six in front of it, it’s moderated in welcome ways, but we get that people are doing it tough… We’re doing what we can whilst we’re trying to wrangle with this inflation challenge to make sure we’re helping people with the cost of living pressures they’re under.Winds will start to ease once the front has crossed the state late this afternoon, however winds will remain gusty. Continue reading…
Source link : https://www.theguardian.com/australia-news/live/2024/sep/23/australia-news-live-politics-debt-cut-chalmers-labor-russia-asia-influence-rankings-weather-fire
Author : Emily Wind
Publish date : 2024-09-22 21:53:11
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News live: Chalmers reveals $149bn cut to national debt under Labor; Australia overtakes Russia in Asia influence rankings
