Treasurer Jim Chalmers has vowed there will be more savings in the mid-year budget update but downplayed the prospect of more cost-of-living relief for Australians.
Prime Minister Anthony Albanese had indicated this week help was on the way for households, but Mr Chalmers said the government was looking to run a “tight ship” because of sustained pressure on the budget.
He told Insiders a savings package would feature in the budget update, which is due in mid-December.
“One of the primary influencers on the mid-year update will be the need to find more savings,”
he said.
“There is very, very substantial and intensifying pressure, not just on our budget but on budgets around the world.”
The treasurer said the package would be influenced by…