‘Jimbonomics’ budget directly impacts ‘every single mortgage holder’ in Australia

Worry is circulating over the expected spending from Treasurer Jim Chalmers’ federal budget and the federal government's application of “Jimbonomics,” says Nationals MP Keith Pitt. “I am more worried about the federal budget and Jimbonomics and the expectation that he will spend every single cent of what is an absolute boom in additional taxpayer revenue and additional revenue from the resources sector,” Mr Pitt told Sky News host Danica De Giorgio. “We are foreseeing lots of reports from economists and others that inflation continues to be ticking up and out of control. “Mr Chalmers has to be far more careful and more cautious with the taxpayers’ money and because they can definitely impact what happens with the RBA and the next decision on interest rates. “That directly impacts every single mortgage holder in this country.”