The Latest Breaking News from Jim Chalmers

As the election starter’s gun is about to be fired, Tuesday’s budget announced modest income tax cuts as the government’s latest cost-of-living measure. The Coalition has opposed the tax relief, with Peter Dutton’s Thursday budget reply to put forward his policy counters on the cost of living.

Growing illicit tobacco trade is undercutting the legal market, leaving government coffers short of funds to pay for major policies

Labor’s legislation passes the lower house without Coalition support

The federal treasurer won't budget a "big number" to fill a funding hole in a massive rail line project, but the state's premier vows to push on regardless.

CPI figures have economists predicting one to three RBA cash rate cuts in 2025 – the question is whether one will occur before federal election

Treasurer Jim Chalmers has described the income tax cuts in this week’s federal budget as a “top-up”. They will amount to roughly one cup of coffee a week for every taxpayer in the first year.

Treasurer springs surprise with tax cuts and puts opposition on the defensive; Russia and Ukraine will ‘eliminate the use of force’ in area

Young income earners will be increasingly called upon to fund rising public spending unless structural tax reforms are made in the next term of government.

Universal $5 a week tax cuts are being raced through parliament as debate around cost of living intensifies ahead of the federal election.

Tax cuts are the major highlight of what Labor’s 2025 budget is doing for households

If you're looking for a handy guide about the 2025 Federal Budget and how it affects young Aussies, we've got you covered.