Opposition leader Peter Dutton has warned Australian families will suffer thousands of dollars under the federal Labor government’s new budget.
Appeared on ABC Radio on October 26 dutton said Treasury Secretary Jim Chalmers said he delivered a “tight budget”, saying Australians were struggling with the economic fallout from rising mortgage rates and rising electricity and gas prices.
“This is a tight budget for Australian families and pensioners,” Dutton said. “Australian families will be $2,000 worse by Christmas under this labor budget. That’s not what was promised.”
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“They submitted their plans last night and it is clear that there is no solution to rising energy prices. But that is just one element of this budget. It will go up to people with regular incomes, including beneficiaries,” he said.
“There are a lot of things in the budget papers that we didn’t hear Jim Chalmers talking about last night. I didn’t say it would go up.”
Labor government struggles to pursue cost of living and renewable energy
but, Minister of Finance Katie Gallagher As the government pursues net zero, it says it is focused on helping Australians cope with the rising cost of living.
“There are clearly some domestic problems here after a decade of failed energy policy implementation,” she said. “We know these costs are hitting homes hard, but plans to rewire the country, power the region and power Australia are even more urgent.
Gallagher said the Albanian government is committed to “putting downward pressure on future energy prices” and is consulting experts on how to manage some of these challenges. rice field.
“We are very mindful of the pressures on our homes. Embarking on the Powering Australia Plan, which is really about making sure our energy system is up to par.
Governments considering market intervention
Meanwhile, Prime Minister Anthony Albanese has warned that he may intervene in the market to keep energy costs down.
“I understand the pressure on us here,” he said. ABC radio October 26th.
“The ACCC has an important role to play with the Australian Competition and Consumer Commission, ensuring that we don’t see price spikes that we don’t see companies taking advantage of the international situation there.” Albanese said. .
“We are ready to take further action, with advice not only from our regulator, the ACCC, but also from our department.”
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Victoria Kelly-Clark is an Australia-based reporter focusing on the national politics and geopolitical environment in the Asia-Pacific region, the Middle East and Central Asia.