The targets of big tax change
About this episode
The episode discusses the implications of a recent rate hike by the Reserve Bank and its potential impact on the upcoming Federal Budget.
After another rate hike was handed down from the Reserve Bank yesterday, Governor Michelle Bullock was quizzed on whether government spending could make the RBA’s task of bringing down inflation more difficult. While she was careful to avoid direct criticism of government policy, she also made clear that higher demand wouldn’t be welcome. So how might this impact Treasurer Jim Chalmers' thinking ahead of next week’s Federal Budget? And what should we make of the news that the budget will bring a billion-dollar fuel security package? Carrington Clarke and ABC Chief Business Correspondent Verrender break it all down on ABC Busniness Daily. Got a burning business question? Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au
Topics covered
- tax change
- inflation
- Federal Budget
- government spending
- fuel security
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