The Federal Treasure, Dr Jim Chalmers, will deliver his first Federal Budget on Tuesday 25th October from Parliament House in Canberra.

It is expected the new Australian Government to hand down a moderate Budget as a formality of resetting the economic agenda and addressing Australia’s deficit.

Treasurer Chalmers said there will be a focus on health, aged care, NDIS, defence, and public debt.

With so much economic uncertainty, many Australians will be hoping for a Budget that provides relief to the pressures of inflation, cost of living, rising interest rates, declining property values, supply chain issues, employment challenges and geopolitical tensions.