The 2023 Federal Budget has just dropped, with healthcare taking centre stage.

“The budget we present to the Australian people tonight provides cost-of-living relief that is responsible, affordable and prioritises those most in need,” Treasurer Jim Chalmers said before handing the budget down.

$5.7 billion will be spent strengthening Medicare over the next five years, with GPs given greater incentives to bulk-bill.

Treasurer Jim Chalmers says the focus is on young families, pensioners and concession card holders.

Press PLAY below to hear what the Treasurer had to say

The federal government has also confirmed an across-the-board increase to the JobSeeker rat, with those on the unemployment benefits to get an extra $40 a fortnight.

Senior Economist at the Australia Institute Matt Grudnoff says it could have been more generous.

From July, more than five million households will receive a discount on their energy bills worth up to $500 and small businesses are also covered under the plan.

People needing rent assistance may be eligible for an extra $31 a fortnight.

But there are concerns people will still be left behind.

As predicted, the budget will deliver a $4.2 billion surplus, the first in 15 years.

But the Treasurer says deficits are again forecast in the years ahead.