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    Assistant treasurer defends government spending after RBA hikes cash rate | ABC NEWS

    ABC News (Australia)
    September 29, 2026
    via ABC News (Australia)

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    Assistant treasurer defends government spending after RBA hikes cash rate | ABC NEWS

    The federal government spending has come under scrutiny after the Reserve Bank lifted interest rates to a 15-year high of 4.6 per cent. The Albanese government is blaming the prolonged crisis in Middle East and global demand for AI for increased inflationary pressure on the Aust

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