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

Note

Subjects: tax cuts, cost-of-living relief, tobacco excise

James Bracey:

Now more on the Albanese government's fourth federal Budget. JimChalmers catching the country off guard with a surprise tax cut for every Australian, a move the Coalition is calling an election bribe.

Sarah Abo:

And the Treasurer joins us live now from Parliament House in Canberra. Good morning to you, Treasurer, or should I call you the re‑election salesman with a Budget like that? $5 a week barely buys a cup of coffee. Can it buy an election?

JimChalmers:

It's more than that, Sarah, that's the first point. If you combine the 3 tax cuts that Labor is providing, it'...