Australia

Labor government ‘mindful’ of growing pressure on Australians

Chancellor Katie Gallagher said the Labor government is “on the lookout” for issues such as inflation and rising costs of living and will address them in the federal budget.

“It is clear that the economy as a whole faces challenges, including high inflation, rising interest rates, sluggish wage growth and slowing real wage growth.”

“We want to work with monetary policy to ensure that the decisions we make with this budget are based on the economic situation at the time and are in the legitimate interest of the economy as well as the Australian people.”

Labor government ‘mindful’ of growing pressure on Australians

Source link Labor government ‘mindful’ of growing pressure on Australians

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