CANBERRA, ACT, May 21 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: 2026 Budget, tax system, housing, start‑ups, gas tax, economic inclusion and international comparisons

Ruby Jones:

Treasurer, welcome to 7am. It's great to have you on the show.

Jim Chalmers:

Thanks very much, Ruby. Thanks for having me back.

Jones:

It's been just over a week since you released the Budget and it's fair to say a lot of people don't like it. Polls suggest that more than half of Australians believe that your changes will make them worse off. It was given the worst approval score since 1993.

[Excerpts]

Speaker:

If you already own a home or an investment or an asset, this Budget doesn't really affect them. So, why...