Albanese Government Delivers 2025 Budget

CANBERRA, AUSTRALIA - MARCH 25: Treasurer of Australia Jim Chalmers speaks to the media as he 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)