Australia news live: Chalmers says budget will pay down more debt; families of Bondi shooting victims to take stand at royal commission

Chalmers' assertion of increased savings and restraint in the upcoming budget may reflect a strategic shift in government fiscal policy, especially in light of rising economic pressures. By prioritizing responsible management, the Albanese Government seeks to bolster public confidence and demonstrate accountability. However, the effectiveness of these measures will ultimately depend on their implementation and the tangible benefits they provide to households grappling with inflation.