High and rising power prices will become a bigger part of Australia’s inflation problem over time, Treasurer Jim Chalmers has warned, as he foreshadowed more government action to combat high gas prices.
Ahead of leaving for the United States on Tuesday night, Chalmers also said he would use the information from briefings he receives there to make any needed changes to the October 25 budget – now in the final stages of preparation.
And he continued to prepare the public for large, but selective, spending cuts in the budget.
