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AAP
AAP
Politics
Tess Ikonomou and Maeve Bannister

Budget to address 'immediate needs' of households: PM

The federal government is expected to use the budget to pare back incentives for property investors. (Jay Kogler/AAP PHOTOS)

The immediate needs of Australians will be prioritised over protecting housing investors in the upcoming budget as Labor postpones a decision on extending the fuel excise cut.

Treasurer Jim Chalmers will hand down his fourth federal budget on May 12 and it is widely expected to pare back incentives for property investors, although full details of the planned changes have not been revealed.

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