• 11/26/2024

Australia’s ‘targeted’ US$10 billion budget offers relief for cost of living, but can it curb inflation?

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Canberra is fighting rising living costs by allocating nearly US$10.1 billion over the next four years to relief efforts for Australians, but some analysts believe the spending will fuel inflation.

https://www.scmp.com/week-asia/economics/article/3220089/australias-targeted-us10-billion-budget-offers-relief-cost-living-can-it-curb-inflation?utm_source=rss_feed