Poppy Johnston

Australians should not expect a revival of the baby bonus any time soon but Treasurer Jim Chalmers does want to make it cheaper to have more kids.

Treasurer Jim Chalmers is confident he can beat inflation in the near term while gearing up for growth in a low-carbon world in his government's third budget.

As well as a federal budget, Australia will get its quarterly check-up on worker wages, business surveys and monthly jobs figures.

Here's what we know about what you can expect to see in the budget.

Treasurer Jim Chalmers is adamant his budget will lower inflation. (Mick Tsikas/AAP PHOTOS)

A pitch to bring inflation back to target by as soon as Christmas has been muddied by economists worried about new spending and energy bill relief for all.

While the federal government says its budget will lower inflation , analysts counter that broad cost of living relief, such as energy rebates and tax cuts, could make things worse.

While the federal government says its budget will lower inflation, analysts counter that broad cost-of-living relief, such as energy rebates and tax cuts, could make things worse.

Workers saw their wages outpace inflation during the first three months of 2024 but a lower-than-expected increase is likely to encourage the Reserve Bank board as it mulls the next interest rate move.

The jobless rate moved back to 4.1 per cent in April, with the logged rise in the number of unemployed in part reflecting more workers than usual waiting to start a new gig.