Australia's budget emphasizes $1 billion increase in defence

The Australian government will release its budget for the 2025-26 financial year today. The budget will put a strong emphasis on increasing defence spending in response to rising global tensions. Treasurer Jim Chalmers is expected to outline the government's financial plans and priorities, including a boost of $1 billion for military capabilities. In Belarus, Alexander Lukashenko is being inaugurated for his seventh term as president. He has held power since 1994 and the ceremony will take place in Minsk, attended by officials and foreign dignitaries. This event comes after a controversial election. In China, the Boao Forum for Asia Annual Conference 2025 begins today in Hainan Province. The focus of this year's conference will be on regional cooperation and development in a changing world. Additionally, a Joint Parliamentary Committee in India will meet to discuss the 'One Nation, One Election' proposal. They are expected to engage with notable figures, including a former Chief Justice and the current Attorney General. In sports, the Indian Premier League will feature a match between the Gujarat Titans and Punjab Kings in Ahmedabad. Both teams are looking to improve their standings after their performances last season.