Australia to Halt Electricity Rebates Due to Budget Crunch
Australia will not extend cost-of-living relief to households in the form of electricity rebates, Treasurer Jim Chalmers said, as the government looks to rein in spending in the face of...
By Swati Pandey, Aradhana Aravindan · Bloomberg Markets
Australia will not extend cost-of-living relief to households in the form of electricity rebates, Treasurer Jim Chalmers said, as the government looks to rein in spending in the face of large, structural budget deficits.