Australia news live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms

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Australia news live: Chalmers and Gallagher to present final budget outcome; RBA interest rate hike looms

The treasurer, Jim Chalmers, and the finance minister,** Katy Gallagher**, will present the final budget outcome on Monday, the updated accounting measure for the 2025-26 financial year.

Despite challenges facing the government, Chalmers is expected to say the figures show the budget deficit is smaller than originally forecast.

He will argue the improvements are worth billions of dollars to the budget.