Treasurer Chalmers prioritizes economy modernization for low/middle-income earners

Treasurer Jim Chalmers aims to modernize the economy in the upcoming federal budget, focusing on low- and middle-income earners. He plans to strike a balance between relief, repair, and long-term reform. Challenges include deficits, debt, stagnant wages, and rising inflation. The budget will prioritize investments in defense, gender equality, infrastructure, renewable energy, and fostering business investment. Chalmers emphasizes the importance of collaboration for economic development.