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Speaker 1: We welcome Prime Minister Alban Easy, good morning.

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Speaker 2: Good morning to you. Have you read that such a.

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Speaker 1: Day one of the biggest days on the camera calendar?

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Speaker 3: It is. Indeed, I was just speaking to your producer

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Speaker 3: and she said, thank goodness that I'm not a political

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Speaker 3: journalist today, stuck in a budget lock up at looking

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Speaker 3: at figures, the music and then tonight can watch it

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Speaker 3: on TV hear the announcement of a nine point six

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Speaker 3: billion dollar surplus which is the second in a row,

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Speaker 3: which is terrific. And get to hear about the cost

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Speaker 3: of living relief that we have planned without putting pressure

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Speaker 3: on inflation. That was a big challenge that we had.

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Speaker 3: And then also, how do we set Australia up for

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Speaker 3: the future. What are the jobs of the future. How

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Speaker 3: do we make more things here in Australian value, add

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Speaker 3: to our resources rather and just export them off, wait

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Speaker 3: for jobs to be created and then input it back

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Speaker 3: at much higher value.

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Speaker 1: Well, let's talk about the thing that everyone likes to

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Speaker 1: hear about on budget day, tax cuts.

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Speaker 3: Tax cuts for all, flowing through all thirteen point six

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Speaker 3: million taxpayers. We'll get a tax cut people were going

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Speaker 3: to miss out under the old system. We intervene to

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Speaker 3: change that and to make sure that everyone gets a

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Speaker 3: fair crack. It's aimed fairly at middle Australia these tax cuts,

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Speaker 3: but making sure that people on low incomes as well.

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Speaker 3: So if you're working part time, you're earning forty five

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Speaker 3: thousand dollars or under, you're in a lower paid job,

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Speaker 3: you get a tax cut as well by lowering that

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Speaker 3: first rate from nineteen cents to sixteen cents, and then

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Speaker 3: that flows right through the system and all the way through.

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Speaker 3: We're making sure as well we reward aspiration and address

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Speaker 3: bracket creep. We're lifting the top marginal tax rate from

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Speaker 3: one eighty thousand to one ninety thousand, and that will

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Speaker 3: make an enormous difference. It's one hundred and seven billion

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Speaker 3: dollars of tax relief over the forward estimates over the

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Speaker 3: four years, and we think that that's very much a

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Speaker 3: part of providing that assistance. It will be other cost

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Speaker 3: of living measures in the budget tonight, but as well,

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Speaker 3: things like strengthy Medicare, so the urgent care clinics have

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Speaker 3: been a big success there in the West and indeed

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Speaker 3: right around the country they're so purple conceived doctor for

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Speaker 3: free and for that middle bit between a GP and

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Speaker 3: the emergency department of a hospital. If your kid falls

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Speaker 3: off the bike, or you need stitches, or you cut

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Speaker 3: your hand or something like that, you can go and

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Speaker 3: get that media assistance and all you need is your

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Speaker 3: Medicare card. But as well things like wiping three bus

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Speaker 3: dollars off student debt through hex changes and making sure

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Speaker 3: I think something that is a really practical measure in

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Speaker 3: tonight's budget is paying our nurses and our social welfare workers,

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Speaker 3: childcare workers when they're on prack, our teachers when they're

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Speaker 3: doing their prack, which is compulsory as part of their course,

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Speaker 3: give them a bit of dough for doing so. It

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Speaker 3: seems to me be pretty sensible to encourage people to

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Speaker 3: do those courses that we need. We need more teachers,

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Speaker 3: we need more nurses, and this will incentivize.

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Speaker 2: That Prime Minister.

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Speaker 4: Inflation is not an exact science, But how confident are

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Speaker 4: you engine charmers the treasure in those numbers, those projected numbers.

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Speaker 3: Well, they're the projections from the Treasury, and we know

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Speaker 3: that we've harmed inflation since we come to office. It

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Speaker 3: peaked in the March twenty and twenty two quarter. You

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Speaker 3: know the election was two years ago next week, and

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Speaker 3: that last quarter that the coalition we're in office, it

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Speaker 3: increased by two point one percent in just one quarter.

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Speaker 3: Now we are at an annual rate at the moment

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Speaker 3: at three point six that's lower than the projections that

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Speaker 3: were there last December by Treasury predictive that by the

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Speaker 3: end of June they hope to get it down to

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Speaker 3: three point seventy five. So we're doing better than that.

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Speaker 3: Inflation is moderating and we need to do more, and

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Speaker 3: that's why we have concentrated on making sure that we've

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Speaker 3: delivered a second surplus. Former government didn't deliver one. They

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Speaker 3: had a decade to do that, and that they couldn't

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Speaker 3: do it. It's not easy to do. We've done it two

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Speaker 3: years in a row.

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Speaker 1: The housing crisis, of course, is the other really, especially

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Speaker 1: here in the West, big thing.

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Speaker 2: How will the budget help there?

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Speaker 3: We now have thirty two billion dollars in housing in

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Speaker 3: this budget, including significant new initiatives, a new five year

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Speaker 3: agreement with states and territories of over nine billion dollars

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Speaker 3: of being contributed for social housing. We've got a billion

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Speaker 3: dollars for infrastructure to assist with housing development. One of

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Speaker 3: the things that has holding back some of the areas

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Speaker 3: is that you can't build a house until you have

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Speaker 3: the water and electricity and those essentrals on. So we've

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Speaker 3: got a billion dollars for that, and importantly as well,

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Speaker 3: billion dollars for housing, which is emergency housing. What do

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Speaker 3: you do for women and children escaping domestic violence? Too

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Speaker 3: many women will turn up at a shelter and there's

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Speaker 3: simply no space, so providing that funding is really important

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Speaker 3: as well. In addition to that, we've got Help to

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Speaker 3: Buy scheme is still duck in the Senate waiting for

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Speaker 3: the Liberals and the Greens to actually come to their

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Speaker 3: senses and vote for it. Now that's based on a

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Speaker 3: shared equity scheme that's operated successfully there in the West

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Speaker 3: for decades now, for since the nineteen seventies, and it's

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Speaker 3: assisted people to buy their own home. So whether you're

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Speaker 3: a buyer or a renter or someone in social housing,

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Speaker 3: we want to provide that support. And in addition to that,

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Speaker 3: we recognize one of the problems is how do you

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Speaker 3: build houses getting the workers to do so, So we've

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Speaker 3: got over ninety billion dollars to assist with apprenticeships in

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Speaker 3: the construction sector to make sure we train Australians to

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Speaker 3: go into that sector and in addition to that, migration

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Speaker 3: programs to bring in people with those specialties in construction

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Speaker 3: that we need to make sure that that's a priority.

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Speaker 2: Anthony.

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Speaker 4: It is a housing crisis on so many levels. I

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Speaker 4: mean you must do. You go to lots of places,

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Speaker 4: You meet a lot of people. The driver must take

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Speaker 4: you past beach car parks and under bridges and see

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Speaker 4: people intents and cars sleeping their cars. These are families

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Speaker 4: that quite often they've got employment. It must be heartbreaking

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Speaker 4: for you as well as us.

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Speaker 3: Oh, it certainly is, which is why we're prioritized housing.

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Speaker 3: We had a federal government essentially saw it as just

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Speaker 3: the job of the states and territories before we're elected.

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Speaker 3: Now we're working with Roger Cook's government really constructively. The

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Speaker 3: time before last when I was in Perth just a

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Speaker 3: bit over a month ago, we're there on a construction

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Speaker 3: site for social and affordable housing as part of our

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Speaker 3: Social Housing accelerated that we put in place. So we

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Speaker 3: want to address these issues. You can't do it overnight,

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Speaker 3: I but what you can do is have a plan.

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Speaker 3: We do have a plan we're working with states and

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Speaker 3: territory governments as well as the private sector as well.

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Speaker 3: In last year budget we introduced tax in senis for

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Speaker 3: build to rent housing for the private sector that the

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Speaker 3: Property Counsel expect will deliver over one hundred and fifty

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Speaker 3: thousand new dwellings. Now, all of this is really important

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Speaker 3: because we know it is a priority.

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Speaker 2: Well, I think I think we're out of time. I

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Speaker 2: know you're very.

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Speaker 1: People are going to remove the phone from your heads

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Speaker 1: any moment.

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Speaker 3: Now dating.

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Speaker 2: Budget. All right, Well, all will be revealed later on today.

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Speaker 2: Thank you, Prime Minister.

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Speaker 3: Great to talk with you.

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Speaker 1: You know what's really interesting is well, I think it's

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Speaker 1: interesting is the Treasurer, Jim Chalmers, is the first Treasurer

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Speaker 1: in nearly two decades to produce back to back budgets,

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Speaker 1: back to back surpluses.

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Speaker 2: That's nearly two decades.

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Speaker 4: It was Costello, wasn't it.

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Speaker 2: It was Costello in two thousand and seven.

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Speaker 4: Yeah, so Jim Chalmers on budget think the Treasurer would

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Speaker 4: be nervous. He's probably got a bit of a cocky

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Speaker 4: strut going on today.

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Speaker 1: Absolutely, ess like one of those betting ads.

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Speaker 2: Yeah, abs walking down the halls of pent house, so

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Speaker 2: we'll find out more as the day goes on. Of course,

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Speaker 2: a lot released already