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Chalmers and Gallagher to deliver final budget outcome as RBA rate hike looms

Original: Australia politics live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms https://ww

Treasurer Jim Chalmers and Finance Minister Katy Gallagher are set to present Australia's final budget outcome, with attention fixed on the bottom line ahead of a possible Reserve Bank interest rate hike. A stronger-than-expected result could ease pressure on borrowing costs, while a weaker one could reinforce expectations the RBA will raise rates, making the fiscal figures a key input into the rate debate.

Why now: The budget outcome is being released at a moment when markets and households are watching closely for clues on whether the Reserve Bank will raise interest rates.

Jim Chalmers Katy Gallagher Reserve Bank of Australia Australia Anthony Albanese

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