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AAP
AAP
Poppy Johnston

No budget 'cash splash' as inflation still main game

Jim Chalmers
The labour market cannot be counted on for "very substantial revenue upgrades", Jim Chalmers says. (Bianca De Marchi/AAP PHOTOS)

Australian households should not expect a generous cash splash in the federal budget as it could undo the hard work of taming inflation and lead to interest rates staying higher for longer.

With just two months to go, Treasurer Jim Chalmers has been laying the groundwork for the May 14 budget that is landing at a critical juncture in the battle to bring inflation back within target.

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