Cost of living relief for all Australians to drive down inflation: PM

CANBERRA, May 15 (Xinhua) -- Australian Prime Minister Anthony Albanese has defended his government's decision to offer every Australian, including high earners, cost of living relief.

Under the federal budget for 2024-25, which was handed down by Treasurer Jim Chalmers on Tuesday night, every Australian will receive a tax cut from July and every household an energy bill rebate worth 300 Australian dollars (198.