Australia s Prime Minister
Anthony Albanese said on Saturday his centre-left government
would soon legislate changes to planned tax cuts set to trim
benefits to the wealthy while giving low-income. -January 26, 2024 at 08:20 pm EST
- MarketScreener
Australian households are under broad financial pressure from high inflation, which spiked as high as 7.8% in December 2022, before slowing to 5.4% in the third quarter.
Australia Prime Minister Anthony Albanese said on Wednesday his centre-left government would consider new cost-of-living relief measures ahead of the May budget but without stoking inflation. Australian households are under broad financial pressure from high inflation, which spiked as high as 7.8% in December 2022, before slowing to 5.4% in the third quarter. "We've asked Treasury and Finance, as we did in the lead-up to the last budget, we asked them to give consideration to what are the measures that can take pressure off families on cost-of-living without putting pressure on inflation," Albanese said in a press briefing in Sydney.
Australia PM Considers Extra Inflation Relief as Families Struggle usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.