Federal budget 2025: watch treasurer Jim Chalmers' full budget speech

Weeks away from a federal election, the treasurer, Jim Chalmers, hands down his fourth budget, saying it is aimed at helping with the cost of living while the Australian economy is 'turning the corner'. The budget includes tax and energy bill relief, a cap on the price of medicine and a boost to Medicare. After overseeing back-to-back surpluses thanks to booming commodity prices and a strong labour market, the budget will return to deficit this year and for the foreseeable future
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