Why the Treasurer won’t show us the money
LARGE stimulus packages won’t be a feature of the federal budget, the treasurer has confirmed, while downplaying warnings on government handouts from the Reserve Bank governor. After lifting interest rates for the third consecutive meeting, RBA boss Michele Bullock cautioned against a cash splash for households, saying it could make fighting inflation harder in the long run. But Treasurer Jim Chalmers said the comments by the board’s governor were merely a response to a hypothetical. “The budget won’t be pumping a lot of extra stimulus into the economy. In fac