What the government's mid-year budget update reveals | 7.30

Australians are struggling with cost-of-living pressures, and it looks like the Australian economy may be struggling too, under the weight of high interest rates and inflation. But seven months after delivering the May budget, Treasurer Jim Chalmers has announced that the government's finances are doing better than expected. 7.30's Laura Tingle interviews Jim Chalmers. Subscribe: https://ab.co/3yqPOZ5 ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel:    / newsonabc   Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia