Treasurer’s Theory of Economics to Be Put to the Test

The treasurer defends cost-of-living relief, disputing inflationary impacts.
Treasurer’s Theory of Economics to Be Put to the Test
Treasurer Jim Chalmers holds a budget paper in Canberra, Australia, on May 14, 2024. Tracey Nearmy/Getty Images
AAP
By AAP
Updated:
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The government brands its budget as an inflation-fighting weapon of precision but economists warn broad cost-of-living relief such as energy rebates and tax cuts for all may make things worse.

An expanded version of the energy bill relief delivered in last year’s budget and another boost to Commonwealth Rent Assistance are expected to help tame the consumer price index.