Australia's Labor government unveiled a AU$17.1 billion plan featuring new tax cuts and financial relief measures for middle-income Australians, aimed at addressing voter concerns while looking to win a second term in the upcoming May election.

In his fourth budget, Treasurer Jim Chalmers has also introduced new measures to strengthen economic resilience and competitiveness, recognizing the growing global risks from trade wars and geopolitical tensions.

Chalmers explained that the tax cuts, which start in mid-2026, will make a big difference for taxpayers. The first stage will reduce the lowest tax rate from 16% to 15%, helping people who earn between AU$18,201 and AU$45,000 a year, The........

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