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

Note

Subjects: energy bills, global economy, Medicare, responsible economic management

TomConnell:

You mentioned the voters at the kitchen table and that's what the Budget is really about. Before the last election they were told by Labor power bills would be lowered by $275 by the end of the term.

This time around I'm wondering what you can assure them. So excluding any rebates and even setting the bar much lower, can you assure them that any increase in power prices won't totally eat up the income tax cut you announced last night?

JimChalmers:

Well, I will assure people that we are doing everything we can to put downward pressure on electricity pr...