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ABC News is the official channel of the Australian Broadcasting Corporation, providing 24-hour live streams, breaking news coverage, and regular updates. The channel features flagship programs such as 7.30, The Business, Insiders, and The World, delivering comprehensive coverage of Australian and global affairs.

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Assistant treasurer defends government spending after RBA hikes cash rate | ABC NEWS

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The federal government spending has come under scrutiny after the Reserve Bank lifted interest rates to a 15-year high of 4.6 per cent. 
The Albanese government is blaming the prolonged crisis in Middle East and global demand for AI for increased inflationary pressure on the Australian economy. 
Assistant Treasurer Daniel Mulino says private sector spending is contributing more significantly to inflation and the government has made ‘difficult decisions’.

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Read more here: https://www.abc.net.au/news/2026-09-30/labor-defends-spending-amid-high-inflation-rate-rise/107208962

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