'Tight Ship': Public Told to Expect Scant Budget Help

'Tight ship': public told to expect scant budget help

Households are unlikely to receive significant cost-of-living help in the coming months as the government tries to curb high inflation and rising debt costs.

Chalmers warns higher yields likely to kill off cost-of-living help

Treasurer Jim Chalmers says surging borrowing costs and high inflation will force a tight mid-year update, potentially killing off major new spending despite growing political heat.

‘Tight ship’: public told to expect scant budget help

Australians have been told to expect little extra help with soaring living costs as the treasurer signals a tightening of the budget as he tries to rein in persistent inflation. The mid-year budget update, to be released in December, would include more savings as the government faced billions of dollars in higher debt repayments due to rising borrowing costs, Treasurer Jim Chalmers said. While Labor was yet to finalise the fiscal blueprint, he h…