The budget of Australia is delivered by the treasurer, Jim Chalmers

A $300 rebate on energy bills for every home, increases to rent assistance and a freeze on medicine prices were the headline initiatives in what the federal government says is a $7.8bn cost-of-living relief package in the budget

Federal treasurer Jim Chalmers said the budget delivers energy bill relief and makes student loans fairer

Follow Daily Mail Australia's live coverage as Treasurer Jim Chalmers hands down the Federal Budget on Tuesday.