Savings over spending: Chalmers says upcoming budget his 'most responsible yet'

Listen to Australian and world news, and follow trending topics with SBS News Podcasts.TRANSCRIPT In the midst of severe economic uncertainty, the federal government is preparing to release what Treasurer Jim Chalmers says is his most responsible budget yet."This will be a really responsible budget focused on resilience and reform There'll be a productivity package, there'll be a tax reform package, and there'll also be a very substantial savings package as well."The budget is poised to deliver higher usual gross savings, with Dr Chalmers promising more spending restraint.Amid expectations of a small revenue boost from high inflation and commodity prices, driven by the war in the Middle East, the treasurer says all extra revenue will be saved."We will save more than we spend, and we will bank the upward revisions to revenue as well