What you need to know about Federal Budget 2023-24

Treasurer Jim Chalmers handed down the 2023-24 budget on Tuesday night. With the increasing cost of living relief as the centrepiece, Labor's second budget has some winners and losers.

Australian Treasurer Jim Chalmers speaks at a press conference inside the Budget lockup at Parliament House in Canberra, Tuesday, May 9, 2023. Source: AAP / LUKAS COCH/AAPIMAGE