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“A report by the IMF has ramped up pressure on Treasurer Jim Chalmers to cut spending Part of the difficulty in controlling inflation has been Australia's weak productivity growth, which has gone backwards over the past four years.”

“The International Monetary Fund has called on Australia’s federal and state governments to cut spending as it warns the Reserve Bank may have to hike interest rates further to get price pressures back under control.”

“Amid structural pressures on the budget from an ageing population, the NDIS, higher interest rates, and the push for greater spending on national defence, Breunig agreed there were lessons for Australia in not allowing the country to drift too far and for too…”

“…k says the risks from higher inflation are materialising in Australia Bullock's inflation warning comes as the International Monetary Fund has urged Jim Chalmers and state treasurers to rein in government spending as borrowing costs hit a 15-year high 'There…”