National cabinet will convene with the federal government set to unveil a new fuel security package as it prepares to hand down the federal budget next week. The treasurer says inflation will be taken seriously and has ruled out extra stimulus, following the reserve bank's decision to raise interest rates for a third time this year. Jim Chalmers also hasn't confirmed whether the government will provide the one-off tax cut to Australian workers with Reserve Bank Governor Michele Bullock warning yesterday any further cost of living measures would make her job more difficult.
