Australia news live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms

Follow the day’s news live.Get our breaking news email, free app or daily news podcastThe treasurer, Jim Chalmers, and the finance minister, Katy Gallagher, will present the final budget outcome on Monday, the updated accounting measure for the 2025-26 financial year.Despite challenges facing the government, Chalmers is expected to say the figures show the budget deficit is smaller than originally forecast. Continue reading...