FILE PHOTO: Australian Prime Minister Anthony Albanese speaks during a press conference at the Parliament House in Canberra, Australia, June 17, 2024. Lukas Coch/Pool via REUTERS/File Photo
SYDNEY (Reuters) - Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three million Australians by 20%, wiping around A$16 billion ($10.49 billion) in debts.
The move builds on May's budget which attacked cost of living pressures in Australia and gave debt relief for students, as well as more investment to make medicines cheaper, and a boost to a rent assistance programme.
