Australian Treasurer Says $14.6 Billion Living Cost Relief Won’t Add to Inflation

Australian Treasurer Jim Chalmers Delivers his Budget Address at Parliament House in Canberra, Australia, on Oct. 25, 2022. Martin Ollman/Getty Images

Australian Treasurers Jim Chalmers has refuted the idea that the newly announced $14.6 billion (US$9.88 billion) living cost relief will worsen inflation.

In an interview with ABC Radio, the treasurer said the relief package included “responsible spending” and would not add pressure to inflation.