Govt under budget pressure as borrowers brace for interest rate pain

Summary

The government has refused to promise net savings in its December budget update, even as pressure mounts to rein in spending amid high inflation. Borrowers are bracing for impact ahead of a widely-expected rate hike when the Reserve Bank meets in November. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-11-01/katy-gallagher-wont-promise-myefo-net-savings/107333248 Note

Description from ABC News (Australia).