Rein in states’ spending to help RBA, Chalmers told
Governments are on track to loosen their budgets by $50 billion in the middle of an inflation crisis and rising interest rates, triggering a call for federal Treasurer Jim Chalmers to lean on the states to rein in spending.
Former federal Treasury official Stephen Anthony urged better co-ordination between the federal and state governments to control inflation-inducing budgets, in order to stop fiscal policy working against the Reserve Bank of Australia’s interest rate rises.
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