Albanese Government Delivers 2025 Budget

CANBERRA, AUSTRALIA - MARCH 25: Treasurer of Australia Jim Chalmers arrives to deliver the budget at Parliament House on March 25, 2025 in Canberra, Australia. Treasurer Jim Chalmers delivered the 2025-26 Australian Federal Budget on March 25, 2025, focusing on cost-of-living relief and economic growth. The budget includes two new tax cuts, energy bill rebates, cheaper medicines, and increased funding for Medicare and childcare. Despite returning to a deficit after two years of surplus, Chalmers claims the economy is “turning a corner,” with plans for a “new generation of prosperity” in an uncertain global economic climate. (Photo by Hilary Wardhaugh/Getty Images)