‘Substantial’ Relief on the Cards in Budget: Treasurer

Australian Treasurer Jim Chalmers and Finance Minister Katy Gallagher arrive to speak to members of the media at the Budget lockup at Parliament House in Canberra, Australia, on May 9, 2023. Martin Ollman/Getty Images

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.