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Story summary
- Treasurer Jim Chalmers will announce a $6 billion budget boost on Monday.
- The Reserve Bank is expected to raise the cash rate to 4.6 percent on Tuesday.
- Underlying deficit is $6 billion lower than the $28.3 billion forecast, with a headline deficit near $60 billion.
- Chalmers warned that billions more interest will be required on the $1 trillion debt, potentially exceeding Medicare spending.