Slowing economy can't be ignored in budget says Treasurer Chalmers

Treasurer Jim Chalmers says the government will need to address both inflation and slowing growth. Video via AAP.

Transcript

00:00 First of all, it's not mission accomplished on inflation.

00:03 I don't want to give you the impression that we think we go from dealing with one kind

00:09 of problem and kind of lurch completely to dealing with another kind of a problem.

00:14 What I'm trying to convey is that the balance of risks is shifting in our economy from what

00:17 was almost the sole focus on inflation, successful focus seeing the way that inflation is moderating,

00:24 and now we're in kind of trickier terrain when it comes to balancing those pressures

00:30 in our economy.

00:31 The degree of difficulty in the third budget is different to the degree of difficulty in