Five-minute budget: Everything you need to know

Treasurer Jim Chalmers unveiled an "ambitious" budget amid Iran war economic turmoil, featuring a $250 tax offset for workers and $2.5 billion in fuel excise cuts. Major reforms include restricting negative gearing to new builds, imposing a 30 percent capital gains tax from 2027, and cutting $36.2 billion from the NDIS over four years.

Summary by Glance · SMH