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, likely eliminating major new spending despite political pressure
2 sources
Treasurer Jim Chalmers has warned that surging borrowing costs and high inflation will force the government to deliver a tight mid-year economic update. Rising yields are significantly restricting fiscal flexibility as economic pressures mount.[1][2]
The Treasurer indicated that these higher yields are likely to kill off plans for major new spending, including further cost-of-living relief, despite growing political heat over household financial pressures.[1][2]
