Federal Budget 2022 Australia: Treasurer grilled over $1 billion spend
Treasurer Jim Chalmers has copped a massive grilling over his government's spending within minutes of the budget being announced.
Welcome to news.com.au's coverage of the Albanese government's first budget.
The new federal government's 'mini budget' has just been announced, with the government juggling the need to fulfil election promises while also trying to address the cost of living crisis, which has worsened considerably since the last budget in March.
Treasurer Jim Chalmers has warned Australians to brace for spending cuts and limited cost-of-living relief, even as grocery prices are tipped to skyrocket following devastating floods.
Several groups are set to win big, including Australians on Centrelink, working families and women in the workforce or who are looking to return to work.
Surprisingly, high income earners are also set to benefit, as the Labor government so far has shown no signs of scrapping the stage three tax cuts introduced by its predecessor.
Here is everything we know about the budget.
Follow below for live updates.
Originally published as Federal Budget 2022 Australia: Treasurer grilled over $1 billion spend