This year's federal budget was delivered by Treasurer Jim Chalmers, whose government is cognisant of cost-of-living pressures and keeping inflation in check. Nick Fennessy, Director at the Bongiorno Group, describes the budget as relatively harmless, with a surplus lower than the previous year.

He outlines some of the announcements, including tax cuts, modification of tax thresholds, energy bill relief, and modest super changes.

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