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AAP
AAP
Politics
Dominic Giannini and Andrew Brown

HISTORICAL FACTS: Treasurer warns of tough decisions ahead - Caught on Camera

Jim Chalmers says the budget provides some cost of living relief while exercising restraint. (Lukas Coch/AAP PHOTOS) (AAP)

Treasurer Jim Chalmers says inflation is a dragon that needs to be slayed, as rocketing power bills and dipping real wages heap pressure on Australians.

Addressing the National Press Club after delivering his first budget on Wednesday, Dr Chalmers said Labor felt for those doing it tough but had to be careful not to add extra inflationary pressure with any cost of living relief.

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