The Australian government has unveiled its 2025 Federal Budget, featuring a modest $5-a-week tax cut as a key cost-of-living measure. Treasurer Jim Chalmers argues the cuts provide meaningful relief, but the Opposition has dismissed them as a 'cruel hoax' ahead of the upcoming election. The budget also includes funding to reduce electricity costs, but many Australians remain skeptical about its impact. With an election looming, the budget sets up a major political battle between Labor and the Coalition over economic policy. The Opposition is now under pressure to either support or propose an alternative to the $17 billion in additional tax cuts.
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