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The Latest Breaking News from Jim Chalmers

2024 budget delivers minor surplus but deficits loom over economy as Australia’s spending ramps up

Major shortfalls predicted over next two years as Jim Chalmers downplays potential for inflationary pressures

The Guardian - AU

Australia budget 2024: the six graphs you need to see

A surplus matters less than what choices the government makes in its budget – here’s what Jim Chalmers’ statement tells us

The Guardian - AU

Future Made in Australia: $23bn for ‘biggest transformation since Industrial Revolution’

Vast array of projects included in sweeping package aimed at boosting domestic manufacturing and speeding up path to net zero

The Guardian - AU

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Federal budget 2024: $300 energy rebates, cheaper medicines and rent relief in Jim Chalmers’ cost-of-living budget

Treasurer takes gamble on pre-election cost-of-living package that is likely to spark debate about whether the government is doing enough to tame inflation

The Guardian - AU

Steaming toward $1 trillion in gross debt in 2025/26

Australia was expected to hit $1 trillion in gross debt this year under the previous government, but Jim Chalmers says the liability will be $152 billion lower.

AAP

Women offered support on path out of domestic violence

Women escaping domestic violence will receive stronger health care, legal services and financial support to address the 'national shame'.

AAP

Rural health still on life support after modest budget

Rural communities say healthcare is at the heart of prosperity in the bush as populations grow. But the federal budget includes very few new health measures.

AAP

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Value-added: back to a future made in Australia's mines

Mining and refining is central to the budget's plan for Australia to hold its own in a global economy beset by fierce competition for sovereign production.

AAP

Renters get quick relief as new housing takes time

Further support has been made available for tenants battling a rental crisis, but there's no quick fix to supply new homes.

AAP

Economists warn budget could 'poke inflationary bear'

Loosened purse strings cast doubts over the inflation-fighting credentials of the Albanese government's third budget, which also points to a weakening economy.

AAP

Federal budget 2024: What's in it for Newcastle and the Hunter

Nelson Bay Road has scored significant funding.

Newcastle Herald

Treasurer backs rebates for all in cost-of-living fight

Treasurer Jim Chalmers has defended the use of $300 energy rebates for all households in the federal budget, despite calls to means test the measure.

AAP

Jim Chalmers delivers 2024 budget speech – as it happened

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The Guardian - AU

Morning Mail: budget’s $9.3bn surplus, BHP’s $65bn raid rejected, Trump’s ex-lawyer takes the stand

Treasurer Jim Chalmers is expected to forecast first back-to-back surplus since 2007; mining giant sees improved bid for Anglo rejected

The Guardian - AU

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AAP

Households to get energy bill relief, rent help goes up

Energy bill relief and more rent assistance will form part of a cost-of-living package in the federal budget to help Australians struggling to makes ends meet.

The Guardian - AU

Federal budget to remain in the black with forecast surplus of $9.3bn for 2023-24

Jim Chalmers signals cost-of-living relief for those ‘doing it tough’ – but some question the wisdom of adopting stimulatory measures too soon

Newcastle Herald

Skills, clean energy, housing key budget priorities for Hunter

Jim Chalmers will deliver the budget on Tuesday night.

AAP

Government defends faster inflation fall than RBA

Inflation will be back within the Reserve Bank's target range a year earlier than the bank has predicted, based on government budget figures.

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The Guardian - AU

Is the Coalition planning to overtake Labor and tax rich inner-city EV drivers?

The commonwealth had state electrical vehicle taxes struck down in court. Now reform is stuck in the slow lane

AAP

Treasurer promises more relief alongside tax cuts

With long-awaited stage three tax cuts set to drive cost of living relief in the budget, Treasurer Jim Chalmers has given an assurance more help is coming.

AAP

Chalmers threads budget needle with difficult economy

Treasurer Jim Chalmers is confident he can beat inflation in the near term while gearing up for growth in a low-carbon world in his government's third budget.

The Guardian - AU

Jim Chalmers claims there won’t be ‘any new money’ for gas in budget as Labor faces caucus revolt

Albanese government has already telegraphed budget will include $566m over 10 years to map Australia’s soil and seabed for gasfield exploration and $100m to speed up environmental approvals

AAP

Consumers tipped to stash tax-cut savings for rainy day

Australians plan to stash their stage three tax cut cash, a key cost of living relief measure in the budget, in promising news for inflation

The Guardian - AU

Australian federal budget 2024: what we know so far and what to expect

Treasurer Jim Chalmers has promised more cost-of-living relief in his 14 May budget as well as spending for students and health

The Guardian - AU

Budget sneak peek predicts higher wages and tax breaks – but no increase for Australians on jobseeker

Government dampens hopes for an increase to jobseeker, despite pressure from economists, social justice groups and equality advocates

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