Australia's treasurer says the number one priority of his Budget is easing the cost of living.  

Jim Chalmers is reporting a $9.3 billion surplus for this year but anticipates deficits for the next two years.  

He's outlined benefits like energy relief for all households and increased rent assistance for welfare recipients. 

Australian Correspondent Steve Price told Andrew Dickens that it’s a bit of a hope and wish budget. 

He said that many pundits are suggesting that this is Labour lining everything up for an early election. 

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