Treasurer Jim Chalmers delivers a pre-election budget focused on cost of living as Trump tariffs and global economic uncertainty loom largeFederal budget 2025 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2025 Australia federal budget coverageGet our morning and afternoon news emails, free app or daily news podcastLabor has bet a blockbuster $17.1bn in tax cuts to deliver it a second term at the upcoming election, as Jim Chalmers delivered his fourth budget jammed with cost-of-living support for middle Australia.In the shadow of the US president Donald Trump’s determination to overturn a global trading order that has helped deliver Australians an era of prosperity, the treasurer claimed his budget was aimed at making the economy more resilient in a more uncertain world.Sign up for Guardian Australia’s breaking news email Continue reading...