Australian Government Backflips on Energy Rebates for Households

Australian Treasurer Jim Chalmers delivers his budget address in Canberra, Australia, on Oct. 25, 2022. Martin Ollman/Getty Images

The Australian government has confirmed that it would not provide energy rebates for struggling Australians despite soaring electricity and gas prices.

Speaking at the National Press Club on Oct. 26, Treasurer Jim Chalmers said that cash handouts would exacerbate inflation in the long term.