Inflation & Prices
Australia’s PM Says Moderating Inflation Is a Key Budget Goal
- Albanese says budget will also take cost-of-living steps
- The government due to present its fiscal plan on May 9
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Australia’s Prime Minister Anthony Albanese said the upcoming federal budget would include steps to ameliorate cost-of-living challenges, while also seeking to help moderate inflation.
The budget on May 9 is about “taking pressure off the cost-of-living but is also about showing our responsible economic management to make sure we put that downward pressure on inflation,” Albanese said in a briefing on Saturday.