Treasurer unveils $6b budget improvement as 15-year interest rate high looms | ABC NEWS

By ABC News (Australia)

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Treasurer Jim Chalmers has defended the government's track record on inflation ahead of an anticipated interest rate hike to its highest level since 2011. The government celebrated a budget deficit $6 billion lower than the May forecast, but warned there are tough times ahead for households. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-09-28/chalmers-interest-rates-cost-of-living-households-mortgage/107203392 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

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