The Latest Breaking News from Jim Chalmers

Next month’s update of the federal budget will forecast a bigger deficit for 2024-25 than was predicted in the May budget, according to the Deloitte Access Economics’ Budget Monitor, released on Tuesday.

The Labor government is playing hardball on its production tax incentives, arguing opposing the policy will cost jobs and Australia's global competitiveness.

Australian government dismisses Elon Musk's claims of internet control, focusing on child protection legislation and regulatory efforts to safeguard online...

An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media

The Labor government has already tried to nobble the Productivity Commission. Now it’s attempting to interfere with the Future Fund.

Richard Marles is an ambitious man who hasn’t given up the dream of one day reaching the top job. But, despite being deputy prime minister, his profile is much lower than that of Treasurer Jim Chalmers, the candidate considered most likely to succeed Anthony Albanese as Labor’s leader.

We all know how important it is to save enough money for retirement – but what about spending it wisely when we get there?

Australia’s sovereign wealth fund will have a mandate to consider national priorities under a new statement of expectations made by Labor, and UK-made missiles have been fired by Ukraine into Russia.

Next month’s federal budget update is expected to revise down company tax receipts for the first time since 2020, amid continued low economic growth in the near term.

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Falling iron ore prices and a weaker labour market will weigh on this year's revenue upgrades, the federal treasurer says.