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The Guardian - AU
The Guardian - AU
Business
Patrick Commins Economics editor

Rate hikes, rising inflation and difficult decisions: key takeaways from Jim Chalmers’ budget update

Jim Chalmers Inflation
Treasurer Jim Chalmers has delivered his midyear economic and fiscal outlook (Myefo) in Canberra.
Treasurer Jim Chalmers has delivered his midyear economic and fiscal outlook (Myefo) in Canberra. Photograph: Mick Tsikas/AAP

Jim Chalmers has claimed “the most responsible mid-year update on record”, unveiling a multibillion-dollar improvement in the budget bottom line alongside extra money for mental health, CSIRO, and training for tradies.

Here are the three key takeaways from the mid-year economic and fiscal outlook.

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