7 News
·general
·2 hours ago
International Monetary Fund (IMF) warns treasurer Jim Chalmers against budget spending spree
The International Monetary Fund (IMF) warned Treasurer Jim Chalmers against a budget spending spree that could exacerbate inflation. Chief Economist Pierre-Olivier Gourinchas emphasized that fiscal measures should be targeted and temporary amid rising prices. Chalmers is in Washington D.C. to advocate for an end to the Middle East conflict and to secure fuel supplies.
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