What time is the federal budget announced? And what does 'budget surplus' mean?

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What time is the federal budget announced? And what does 'budget surplus' mean?
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While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.

A cost-of-living relief package of about $15 billion — including power bill rebates

Cheaper childcare package — lifting the Child Care Subsidy rate for families earning less than $530,000Establishing the Net Zero Authority to help with the transition away from fossil fuels to renewable energy generationA $737 million package to crack down on vaping and reduce smokingDefence spending — about $19 billion over four yearsHowever, the nitty gritty details will not be officially revealed untilWhen the then-Coalition government published its budget papers in March last year, there...

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