CANBERRA, ACT, March 26 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: federal Budget 2025-26, upcoming federal election
Natalie Barr:
And Treasurer JimChalmers joins us live in Canberra on a busy morning. Good morning to you.
So, barely enough for a coffee or about a McDonald's Happy Meal, how much impact do you think $5 a week will have?
Jim Chalmers:
It's more than that. There are 2 rounds of additional tax cuts, and together with the tax cuts which are flowing now, the average is about $50 a week, $10 additional in last night's Budget. That's because we need to be responsible, and we're providing this cost‑of‑living relief in a modest but meaningful way, the most responsible way that we ...