Australians have been warned to brace for another hit to the cost of living as the floods devastating parts of Victoria and NSW drive up food prices.
drive up food prices, and require billions of dollars to be spent on assistance to those affected, Treasurer Jim Chalmers has warned.
“We believe in the NDIS, and we want to make sure it’s delivering for people with a disability in this country,” Dr Chalmers said. Next week’s offering, Dr Chalmers confirmed, will basically be a bread and butter exercise, and will do little more than reconciling Labor’s big election promises on cheaper childcare and prescription drugs, and updating the economic forecasts., and caused extensive property damage, the forecast deficit for this year is likely to be worse and inflation possibly higher, Dr Chalmers suggested.
The treasurer’s office said it was too early to estimate the inflationary and budgetary impact of the floods. “That is the way that you ensure probity, and the way that you ensure value for money is by asking local communities through their elected local representatives what their priorities are.
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