The Latest Breaking News from Jim Chalmers

Morning Mail: Chalmers sells budget as ‘road to reform’, Starmer fights on in UK, why the gothic look is back

Jim Chalmers delivers ambitious program for tax change and intergenerational fairness

The Guardian - AU · May 12

Labor tucks away $77b war chest for further tax cuts

A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.

AAP · May 12

Budget spending stokes fears of further rate rise pain

An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.

AAP · May 12

Budget 2026 brings a small tax handout to workers and a crackdown on tax breaks and trusts

All working Australians will receive a permanent $250 “tax offset” from next year in Treasurer Jim Chalmers fifth budget, which also cracks down on tax breaks for housing investors and trusts.

The Conversation · May 12

Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster

Labor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness

The Guardian - AU · May 12

This bold budget has grasped the nettle of tax and housing – but it may not be enough to move the needle for younger Australians

Jim Chalmers, determined not to miss his reform moment more than four years into government, has backed the largest change to Australia’s sclerotic tax system since the Howard era

The Guardian - AU · May 12

Albanese government uses its political dominance to implement a ‘Labor’ agenda

The tilt of this budget was, when you think about it, predictable.

The Conversation · May 12

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

AAP · May 12

Tax relief for workers and pain for investors in budget

Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.

AAP · May 12

Afternoon Update: One Nation casts shadow over budget; soldier dies in training incident; and coexisting with dingoes

Treasurer Jim Chalmers says ‘… the tax system is not working for a lot of Australians’ before handing down his fifth budget

The Guardian - AU · May 12