Episode Details

Treasurer Jim Chalmers has unveiled his highly anticipated "responsible" and "reforming" fifth budget, aiming for "resilience" and a bolstering of the economy.

Housing tax reform was the centrepiece, with changes to negative gearing and the capital gains tax discount announced.

Labor says the reforms will allow 75,000 new people to afford their first home, but does the move go far enough to address intergenerational inequity? Will voters reward them for taking a risk - or punish them for 'breaking a promise'?

And as inflation continues to surge, how healthy is the budget bottom line?

Carrington Clarke and Patricia Karvelas break it all down from the budget lock-up on this ABC Business Daily x Politics Now special episode.

Got a burning business question?

Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au