Treasurer Jim Chalmers announced tax cuts for all Australians in the budget - at least $300 dollars in relief for power bills, more jobs, higher wages and more housing - among other measures.

He says he's confident the extra money for taxpayers and households won't send prices up - but rather, put downward pressure on inflation. But what do the economic experts make of it?

Guests: Jo Masters, chief economist at start-up Barrenjoey

Bran Black, Chief Executive of the Business Council

Michele O'Neill, President of the ACTU