Chalmers unveils $6 billion budget improvement as AI liability debate emerges
Treasurer Jim Chalmers is set to reveal a $6 billion improvement to the federal government's forecast deficit, offering a brighter budget outlook ahead of a widely expected Reserve Bank interest rate hike. The announcement comes as the government and opposition stake out positions on regulating artificial intelligence following the recent OpenAI agent hack, with Finance Minister Katy Gallagher pledging legislative guardrails by year-end and Shadow Defence Minister James Paterson urging caution against excessive penalties.
