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Australian PM Says No to Living Cost Relief for Households

Started by Epoch-Times-Bot, Nov 02, 2022, 11:30 PM

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Epoch-Times-Bot

Nov 02, 2022, 11:30 PM
Australian PM Says No to Living Cost Relief for Households

Australian Prime Minister Anthony Albanese has rejected calls for government handouts to help struggling families cope with rising living cost pressures while stressing the need for further budget repair.
Speaking at the Economic and Social Outlook Conference in Melbourne on the night of Nov. 2, the prime minister said that untargeted spending would exacerbate the current economic problems.
“The easy option would have been for us to funnel these savings into a cash splash, a one-off giveaway to buy a headline,” he said.
“Instead of helping households, it would only add to the inflationary pressures that are eating away at family budgets and devaluing wages.”...

Source: Australian PM Says No to Living Cost Relief for Households

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