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Chalmers says Labor has inherited a budget with ‘significant challenges’
Treasurer Jim Chalmers, who is due to hand down his first budget on 25 October, has spoken to Nine Newspapers, saying the government’s bottom line is being affected by higher than expected interest rates on outstanding debt.
As interest rates on government debt rise to their highest levels in eight years, amid rising global inflation, could combine to derail any plans to bring the budget under control.
Chalmers laid…
