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AAP
AAP
Business
Dominic Giannini, Andrew Brown and Kat Wong

War of words over inflation as national debt dives

the Reserve Bank Jim Chalmers Labor Greens Nick McKim Steven Markham Reserve Bank
The federal government is boasting an above-forecast drop in gross debt for 2023/24. (James Ross/AAP PHOTOS)

Reduced debt levels may have given a boost to the budget bottom line, but the opposition says Australia remains well behind similar countries in the fight against inflation.

The federal government has spruiked figures showing a $149.1 billion improvement in debt levels compared to 2022 forecasts as the Reserve Back meets on Tuesday to decide on its next move on interest rates.

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