Treasurer warns of high prices as Labor government grapples with trillion dollar debt
New federal Treasurer Jim Chalmers is warning people to expect tough days ahead as the government grapples with a trillion dollar debt and high inflation.
Mr Chalmers will be briefed by the Reserve Bank Governor and other economic agencies today.
Treasurer Jim Chalmers told Ben Fordham they have a plan to ease the cost of living futures into the future.
“I’ve got to be upfront with your listeners and say that nobody can flick a switch and make a trillion dollars in debt disappear … but the hard work has already begun.”
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