Labor has handed down its first budget, amid an uncertain economic outlook and as cost of living pressures bite at home.

This budget was about delivering on election promises, including increasing child care subsidies. It has also revealed soaring energy prices and rising interest rates will drag household spending down to near-recessionary levels by the end of next year.

Chief political correspondent David Crowe and senior economics correspondent Shane Wright join economics correspondent Rachel Clun, to dissect the government's spending, saving and what comes next. 

Labor has handed down its first budget, amid an uncertain economic outlook and as cost of living pressures bite at home.
This budget was about delivering on election promises, including increasing child care subsidies. It has also revealed soaring energy prices and rising interest rates will drag household spending down to near-recessionary levels by the end of next year.
Chief political correspondent David Crowe and senior economics correspondent Shane Wright join economics correspondent Rachel Clun, to dissect the government's spending, saving and what comes next.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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