Treasurer Jim Chalmers has been accused of mismanaging the economy, with a Nationals senator demanding he \u201cresign in disgrace\u201d, as mortgage holders brace for the first interest rate rise in more than two years.<\/p>\n
Economists have flagged concerns the Albanese government\u2019s public spending has directly contributed to inflationary pressures \u2013 which resulted in the higher-than-expected inflation data released last week \u2013 but Mr Chalmers has repeatedly rejected this claim.<\/p>\n
On Tuesday, he described this type of commentary as being \u201cmotivated by politics\u201d rather than \u201cfounded in facts\u201d, before adding economists rarely shared a \u201cunanimous view\u201d on fiscal policy.<\/p>\n
\u201cI do believe that some of this, some of the commentary, is motivated in some of the newspapers by politics rather than economics,\u201d he said.<\/p>\n
Jim Chalmers has brushed off a bold call for him to resign. Source: AAP <\/p>\n
\u201cBut I listen respectfully to a whole range, the whole gamut, the whole spectrum of economic views, and I try and read as much of the economic commentary that I can.\u201d<\/p>\n
Aside from experts, Mr Chalmers has also been subject to criticism from politicians, including Nationals senator Matt Canavan who called for the federal treasurer\u2019s resignation ahead of the RBA\u2019s announcement.<\/p>\n
Referencing the Albanese government\u2019s battery subsidy scheme \u2013 which is plagued by claims its $2.3bn budget has been spent in six months \u2013 Senator Canavan asked on Tuesday: \u201cHow has (Mr Chalmers) possibly allowed a situation to emerge where things like a battery scheme can blow out more than $10bn in six months?\u201d<\/p>\n
\u201cThey costed a billion dollars. It\u2019s now approaching $12bn in cost in just six months,\u201d he told Sky News.<\/p>\n
\u201cHow can Jim get his maths so wrong and still hold the position of treasurer?<\/p>\n
\u201cI mean, he should resign in disgrace because we\u2019ve never seen anything like this.\u201d<\/p>\n
In response, Mr Chalmers declared he could not \u201ccare less\u201d about Mr Canavan\u2019s opinion.<\/p>\n
\u201cI listen to a lot of different voices, but (Mr Canavan\u2019s) not a sort of a respected contributor to these sorts of things,\u201d he told Sky News.<\/p>\n
– NewsWire<\/p>\n","protected":false},"excerpt":{"rendered":"Treasurer Jim Chalmers has been accused of mismanaging the economy, with a Nationals senator demanding he \u201cresign in…\n","protected":false},"author":2,"featured_media":454878,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,31006,14821,14819,44,183],"class_list":["post-454877","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-basis-points","tag-cash-rate","tag-michele-bullock","tag-news","tag-reserve-bank-of-australia"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/454877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=454877"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/454877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/454878"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=454877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=454877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=454877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}