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Jim Chalmers announces a $5.7bn investment in Medicare and an increase in jobseeker and commonwealth rent assistance for all ages as the centrepieces of Labor’s first full-year federal budget aimed at helping Australians ‘under the pump’. In his budget speech on Tuesday evening, Chalmers promises to ‘[see] people through the hard times – and [set] our country up for a better future’, and also claims the cost-of-living relief measures in the 2023-24 Australia budget will shave 0.75% off inflation. ‘In all our decisions, we seek to strike a considered, methodical balance, between spending restraint to keep the pressure off inflation, while doing what we can to  help people struggling to make ends meet,’ he says

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