Australian Treasurer: confident that the new budget will not worsen inflation

[Australian Treasurer: confident that the new budget will not make inflation worse] Australian Finance Minister Gallagher said that the core issue in the preparation of the budget is how to deal with the challenge of inflation; he is confident that the new budget will not make inflation worse; and interest rate hikes will slow economic growth in the short term. The introduction of a Petroleum Resources Lease tax (PRRT) and a mining super tax will increase revenue in the medium term.