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Chalmers Warns Rising Yields Could Widen Budget Gap

By Drooid · Oct 23, 2026, 12:08 PM UTC · How we work

Summary

Story summary

Treasurer Jim Chalmers warned that rising bond yields will create a multibillion-dollar hole in Australia’s budget.
He called pressure on refinancing existing debt one of the biggest budget challenges.
To mitigate risk, he began a global sales pitch to attract lenders to Australia.
In October, he traveled to Tokyo, Hong Kong and Bangkok to market Australia as a financial safe harbor.

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Story summary

Treasurer Jim Chalmers warned that rising bond yields will create a multibillion-dollar hole in Australia’s budget.
He called pressure on refinancing existing debt one of the biggest budget challenges.
To mitigate risk, he began a global sales pitch to attract lenders to Australia.
In October, he traveled to Tokyo, Hong Kong and Bangkok to market Australia as a financial safe harbor.