CANBERRA, ACT, March 26 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: federal Budget 2025-26, federal Opposition's response

PeterFegan:

It's Labor's $17billion pledge. But is it enough to save the election? The Labor Party or the government has delivered its fourth Budget last night. Plenty of savings, but given the cost‑of‑living crisis, we're in no position to bite the hand that could potentially feed us for the next 3years, at least. Joining me on the line is the Treasurer, JimChalmers. Treasurer, it is always great to have your time on the programme.

JimChalmers:

Thanks for having me back on your show, Pete. Good morning.

Fegan:

$268 in tax cuts in the first year, which is 2026. That's...