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AAP

Politics

Poppy Johnston and Dominic Giannini

Budget will balance inflation, rates: PM

Jim Chalmers Disability

Prime Minister Anthony Albanese spoke of rates hikes and other pressures when quizzed on the budget. (Jane Dempster/AAP PHOTOS) (AAP)

Prime Minister Anthony Albanese says his government is primed to balance inflationary pressures alongside rising interest rates, describing himself as "economically literate".

The federal government is being pressed to categorically rule out any changes to legislated tax cuts due to come into effect in 2024.

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