‘Substantial’ Relief on the Cards in Budget: Treasurer

Australians can expect “substantial” cost-of-living relief in the federal budget but the treasurer insists it won’t add to inflation woes. Jim Chalmers says his third budget, to be handed down on Tuesday, aims to strike the right balance between reducing pressure on rising prices while easing the impact of inflation. While the relief of $107 billion (US$70 billion) in changes to stage three tax cuts has already been put in place, to come into effect from July, Mr. Chalmers said other measures would complement the tax plan. “The cost-of-living relief in this budget won’t be identical to what we’ve seen in the past, but it will be substantial, and it will be in addition to that tax cut for every taxpayer,” he told Sky News on Sunday....