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The Latest Breaking News from Jim Chalmers

Australian optimism tempered over Chinese stimulus

Australia has welcomed a major Chinese stimulus as its stalling economy has flow-on effects but the treasurer has warned about being overly optimistic.

AAP

Morning Mail: Jim Chalmers to confirm big budget surplus, Israel launches Yemen strikes, Tim Winton writes of our shared anguish

Treasurer points to lower spending; Israel shows no signs of de-escalation in new wave of strikes

The Guardian - AU

Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

AAP

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Final budget outcome shows 2023-24 surplus of $15.8 billion

The budget surplus for last financial year has come in at $15.8 billion, well exceeding the $9.3 billion that was forecast in the May budget.

The Conversation

Property tax concession change talk sparks uncertainty

Property investors are being warned they can't trust Labor's assurances they won't change tax concessions, after reports Treasury is probing reform options.

AAP

What goes up must come down: lesson for Labor as negative gearing balloon goes adrift

After it emerged the treasurer sought advice on the reform of tax breaks, the government should have been quicker to bring the debate back down to earth

The Guardian - AU

View from the Hill: Albanese and Chalmers play cat-and-mouse on negative gearing with the public – and possibly with each other

Is the government seriously interested in changing arrangements on negative gearing? After days of questions to Prime Minister Anthony Albanese and Treasurer Jim Chalmers, who would know?

The Conversation

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Australian treasurer welcomes Chinese efforts to stimulate economy during Beijing visit

Australian Treasurer Jim Chalmers has welcomed efforts by China to perk up its slowing economy

The Independent UK

Failure to inform about missile blast was irresponsible

The lack of warning from Beijing to its neighbours about the test launch of an intercontinental ballistic missile over the Pacific was "irresponsible".

AAP

No negative gearing reform on cards for election: PM

The prime minister has hosed down suggestions Labor will take changes to negative gearing to the election, amid warnings it could hike up rents.

AAP

Treasurer's rare trade trip recipe for Chinese success

Jim Chalmers is using a two-day visit to China to boost trade ties, as the foreign minister moves to ease diplomatic tensions.

AAP

Several Labor MPs ‘open’ to reforms to negative gearing to address housing crisis

Some politicians welcome a fresh and bold response to address affordability, while others wary of resurrecting a debate lost at the 2019 election

The Guardian - AU

Australian Treasurer Visits China To Strengthen Economic Relations

Australian Treasurer Jim Chalmers set to visit China for economic dialogue, signaling improved bilateral relations and trade opportunities.

Top News

Australia's treasurer will visit China this week in the latest sign that bilateral ties are mending

Australian Treasurer Jim Chalmers will become the first government minister from Australia in that key economic role to visit China in seven years

The Independent UK

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The Guardian - AU

Afternoon Update: inflation hits three-year low; BoM tsunami warning test prompts panic; and the legacy of Daria

Inflation dived last month to its lowest rate in three years, but the Reserve Bank will wait for a more sustained drop before it starts cutting interest rates.

The Conversation

View from The Hill: The Greens’ demands on the RBA make for bad economic policy. Is it also crazy politics?

When the Greens tell Labor they’re ready to negotiate, what they usually mean is they’re preparing to make populist demands that can’t or shouldn’t be met.

The Guardian - AU

Greens may bristle at comparison but their RBA interest rate cut ultimatum is Trumpist

No government institution is entirely at arm’s length, but an intervention by Jim Chalmers would likely be calamitous

The Guardian - AU

AFL stars walk Brownlow medal red carpet – as it happened

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AAP

War of words over inflation as national debt dives

Australia lags behind western nations in tackling inflation, the shadow treasurer says, as the Reserve Bank mulls whether to lower interest rates.

The Guardian - AU

On interest rates, once again Labor is in a half-negotiation, half-cage fight with the Greens

Australia’s curious mix of moderating inflation, weak growth but strong employment means we should prepare for more differences of opinion

AAP

Treasurer confident of firming up ties on China trip

Jim Chalmers will meet with economic counterparts in Beijing in the first visit by a federal treasurer to China in seven years.

AAP

Nuclear power plan 'economic insanity', treasurer says

Jim Chalmers has lashed out at opposition plans to build nuclear reactors, ahead of a major speech by Peter Dutton outlining the proposal.

AAP

'Welcome progress' on inflation to come: Treasurer

Jim Chalmers says while inflation levels are set to drop when figures are released on Wednesday, it remains unclear if it will get back to RBA targets.

The Conversation

Grattan on Friday: US rate cut puts pressure on RBA - and things could get heated

Reserve Bank Governor Michele Bullock might need her flak jacket when she fronts the media next Tuesday after the bank’s two-day board meeting.

The Conversation

Understanding risks for Australia of China’s slowing economy is Chalmers’ top priority at upcoming Beijing talks

When Treasurer Jim Chalmers travels to Beijing later this month, he and his counterpart at China’s peak economic agency, the National Development and Reform Commission, won’t be short on important topics to discuss.

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