By: Michael Crooks The Albanese Government’s new budget aims to ease pressure on Australians On Tuesday 12 May, the Albanese government delivered its fifth budget. It comes at a time of increasing economic pressure for many Australians, with rising costs for essentials amid a global oil crisis, and elevated interest rates. “War in the Middle East has been pushing up prices, pushing down growth, and punishing Australians,” said Mr Chalmers. “But how we respond is up to us.