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Chalmers Defends Record as December Budget Update Looms

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Story summary
  • Treasurer Jim Chalmers defended his economic record after a Redbridge poll showed his favourability slipped.
  • Chalmers met finance ministers and central bank governors in Bangkok, discussing a grim global outlook.
  • Treasury plans a December mid-year budget update with spending cuts to offset higher debt repayments.
  • An early November interest-rate rise remains possible as high petrol prices pressure voters.