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1 November 2026

Government will not promise net savings in budget update, despite inflation pressure

Downunder Voices Newsroom

Source reporting: abc.net.au

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Government will not promise net savings in budget update, despite inflation pressure

Finance Minister Katy Gallagher says growing pressures on the federal budget mean the government cannot promise it will find overall savings in its December update, even as Australians brace for another interest rate rise amid ongoing high inflation.

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