Treasurer Jim Chalmers defends the federal government's budget

The Federal Treasurer Jim Chalmers has delivered his fifth budget, calling it quote "the most important and ambitious budget in decades" choosing "the hard road of reform" amid the global oil crisis sparked by the Iran war. He unveiled sweeping changes to negative gearing and the capital gains tax discount, breaking a promise made at last year's federal election. GUEST: Jim Chalmers, Treasurer PRODUCER: Isadora Bogle