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The Latest Breaking News from Jim Chalmers

Global tensions, China slowdown casts budget shadow

The threat of escalating conflict in the Middle East has cast further uncertainty over Australia's pre-budget economic outlook, the treasurer has warned.

AAP

Tariff relief boost for Ukraine as Australia lifts aid

Australia will extend relief off Ukrainian manufactured goods to help the country's economy as it fights off Russia's invasion.

AAP

Government told to 'hold its nerve' on clean tech push

Clean energy groups want the federal government to stay the course on its industrial policy aimed at seizing a once-in-a-century decarbonisation opportunity.

AAP

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Jobs market holds ground despite rise in unemployment

The official jobs data was more subdued in March as widely expected following a surprisingly strong February result.

AAP

Australia rises to second in world budget management rankings, IMF data shows

Treasurer and finance minister hail ‘remarkable achievement’ as monitor finds balance to be behind only Canada among G20 countries

The Guardian - AU

Critical minerals loan will help export sector grow: PM

Anthony Albanese says a $400 million loan to the critical minerals sector will help expand exports into nearby southeast Asia.

AAP

Budget clouded by global wars and weak economic growth

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

AAP

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Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

AAP

Manufacturing push is no 'free-for-all': treasurer

A plan to promote local manufacturing in a net-zero economy will incentivise private investment, not replace it with government funds, the treasurer says.

AAP

Labor’s interventionist industry policy aims big. But how can Australia compete with the US and China?

The Albanese government has shed little light on how billions of dollars will be divvied up. The treasurer’s ‘favourite economist’ might provide some clues

The Guardian - AU

Firms would have been less able to accelerate prices and inflation with proposed competition policy, Chalmers says

Treasurer says proposed reforms would mean ‘more confidence’ in mergers scrutinised by the ACCC

The Guardian - AU

'Hit and miss' merger rules reworked in major shake-up

Sweeping changes to merger rules have been welcomed by the national competition regulator and received a wary but hopeful response from big business.

AAP

Labor targets unfair company mergers in competition policy overhaul

‘Reforms that address the decline in competition can deliver big economic benefits,’ treasurer to tell ACCC

The Guardian - AU

Emerson says breaking up supermarkets ‘too heavy handed’ as Dutton derides ‘Mickey Mouse review’

Review chief defends decision not to recommend powers that could break up supermarkets for bad behaviour

The Guardian - AU

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AAP

Hefty fines, tougher code could cut grocery prices: PM

Shoppers could pay less for groceries under plans to impose heavy financial penalties on supermarkets that fail to comply with a code of conduct.

The Guardian - AU

Australia’s big supermarkets could face penalties of up to $10m under proposed mandatory code

Government report stops short of recommending powers to break up big chains despite calls for forced divestiture laws

The Guardian - AU

Australia’s east coast forecast to avoid gas shortfall despite claims of looming supply crisis

ACCC report says region is expected to have surplus of six petajoules in third quarter ‘even if all uncontracted gas is exported’

AAP

New economy 'needs critical reforms to build trust'

Australian success in modern industry requires a key role for government in the economy not merely doling out loans from various funds, economic research finds.

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AAP

Mandatory climate reporting regime pushed out to 2025

Corporations will be covered by a climate reporting regime under new laws but not yet, as Treasurer Jim Chalmers bends to pressure from the big end of town.

AAP

Labor on track to kick 116-year by-election hoodoo

The winner of the Dunstan by-election in Adelaide's eastern suburbs is likely to be confirmed as Labor's Cressida O'Hanlon when counting resumes.

The Guardian - AU

‘He is a tool’: the NSW and Victorian rivalry rears its head over the GST. What happened to the lovefest?

Victorian treasurer rips into Chris Minns for ‘welfare state’ comments after the latest carve-up of GST revenue

The Guardian - AU

Afternoon Update: deadly mine collapse ‘should have been avoided’; iron lung patient dies; and Dutton’s radioactive rhetoric

WorkSafe have committed to ‘complex, detailed investigation’ into mine collapse

The Guardian - AU

Don’t expect a ‘big cash splash’ in this year’s budget, Jim Chalmers tells taxpayers

Treasurer says falling iron ore prices and a weaker labour market mean the large upgrades to revenue seen in the last two budgets will not be repeated

The Guardian - AU

Morning Mail: new revelations over flawed PPE deal; US threatens TikTok ban; NSW to toughen polluter laws

Government knew obscure retailer had no PPE experience; US House of Representatives passes TikTok bill; NSW to give EPA new powers

AAP

No budget 'cash splash' as inflation still main game

Treasurer Jim Chalmers has managed expectations for cost of living relief ahead of the May budget and played down the possibility of a sizeable second surplus.

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