Australian news and politics live: O’Brien accuses Chalmers of sparking ‘Jimflation’ as CPI soars 3.8 per cent

Max Corstorphan
The Nightly
Shadow Treasurer Ted O’Brien has accused Jim Chalmers of fuelling inflation through a ‘spending spree’.
Shadow Treasurer Ted O’Brien has accused Jim Chalmers of fuelling inflation through a ‘spending spree’. Credit: Supplied

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Max Corstorphan

‘Practical’: Labor defends mass job cuts move

Finance Minister Katy Gallagher has told Government departments to slash costs by 5 per cent to hand the Albanese Government $5.6 billion in savings.

That financial savings target could see 22,500 Australian public servants jobless.

Defending the move, Housing Minister Clare O’Neil said it was “practical”.

“This is a really important and practical part of government,” she told Sunrise.

“Taxpayer dollars are really precious. This is not our money and for everyone whose watching at home, they work hard for their salaries and contribute to the tax system in good faith that their dollars will be looked after and invested on critical things like supporting our aging population, supporting child care, supporting our Medicare system, the National Disability Insurance Scheme and other services that many Australian families rely on is absolutely appropriate.”

Host Nat Barr asked directly, how many jobs would be cut.

“That’s going to be a part of the budget conversation,” Ms O’Neil said, dodging the question, adding: “The Finance Minister has said to the departments you need to make sure you’re taking this seriously, and those conversations will continue as we lead up to budget”.

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