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The Latest Breaking News from Jim Chalmers

Australia to spend less on age pension despite doubling of retirees, intergenerational report shows

Australia on track for pension payments to shrink from 2.3% of GDP to 2% by 2062-63 as superannuation balances balloon

The Guardian - AU

Age pension cost to ease by 2060s but super tax breaks to swell: Intergenerational report

Australia’s comprehensive superannuation system means spending on the age pension will decline as a proportion of GDP by 2062-63 despite a doubling of Australians aged 65 and over, according to the government’s Intergenerational Report to be released on Thursday.

The Conversation

New water plan announced – as it happened

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The Guardian - AU

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Intergenerational report to warn of slow growth and pressures on revenue

New extracts released ahead of the government’s Intergenerational Report show it warns Australia’s economy will grow more slowly in the coming 40 years than in previous decades.

The Conversation

The intergenerational report will prepare us for 2063 – but what exactly is it?

Treasurer Jim Chalmers is preparing to release the Treasury’s sixth Intergenerational Report on Thursday.

The Conversation

Senator responds to report – as it happened

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The Guardian - AU

'Care' economy to balloon in an Australia of 40.5 million: Intergenerational Report

Australia’s care economy could increase from its present about 8% of GDP to about 15% in 40 years, according to the government’s Intergenerational Report, to be released by Treasurer Jim Chalmers on Thursday.

The Conversation

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Last decade saw Australia’s lowest productivity growth in 60 years, intergenerational report says

Labor to lay out new economic growth plans in response including focus on digital technologies and aiming to become a ‘renewable energy super power’

The Guardian - AU

Intergenerational report reveals spending in key areas to blow out to half Australian budget by 2063

Health, aged care, NDIS, defence and interest payments will grow from one-third of government spending over next four decades

The Guardian - AU

Grattan on Friday: Albanese is determined to keep Labor’s eyes firmly focused on a second term

Labor is less than halfway into its first term, but Anthony Albanese is focused, laser-like, on its second one. Securing it, that is.

The Conversation

Opposition refers minister to Ibac – as it happened

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The Guardian - AU

National cabinet push for 12-month limit on rent hikes and ban on no-fault evictions

Anthony Albanese says movement on renters’ rights is needed but has rejected the Greens’ calls for a rent cap

The Guardian - AU

Politics with Michelle Grattan: Labor president Wayne Swan on the party's coming national conference

Next week the Labor Party will hold its national conference in Brisbane. It’s the first face-to-face conference in five years. These conferences don’t have anything like the bite they once did, but there’s still a chance for the party’s rank and file to have a shout about issues. More than…

The Conversation

Aged-care funding reforms must ensure users pay their fair share

Aged-care services will cost taxpayers more than A$35 billion this year. Treasurer Jim Chalmers argues it’s one of the government’s biggest ongoing funding challenges. The last intergenerational report, which looked out over the next 40 years, came to the same conclusion.

The Conversation

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The Guardian - AU

Afternoon Update: RBA gives households reprieve; former childcare worker faces offences; and post-Ashes drinks moved to nightclub

Jim Chalmers says RBA decision is a ‘welcome reprieve for Australians who are already doing it tough’

The Conversation

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

The Conversation

Chris Barrett has a formidable job ahead as the new Productivity Commission chief

This week’s appointment of Wayne Swan’s former chief of staff Chris Barrett to head the Productivity Commission puts the annual Trade and Assistance Review it released this month under a more searching spotlight than usual.

The Conversation

Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?

Australia’s inflation rate has fallen for the second consecutive quarter.

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The Guardian - AU

Ongoing detention of Cheng Lei without verdict ‘damages China’s standing’ worldwide, partner says

Dfat calls for China to exercise ‘basic standards of justice’ in case of Australian journalist detained since 2020 over national security-related accusations

The Conversation

Chris Barrett becomes new head of the Productivity Commission, as Jim Chalmers flags fresh focus

Treasurer Jim Chalmers has appointed Chris Barrett, an economist with extensive public service and governmental experience, as the new chair of the Productivity Commission.

The Guardian - AU

Productivity Commission appoints Chris Barrett as new chief, treasurer Jim Chalmers confirms

Chalmers announces Barrett, deputy secretary of Victoria’s treasury and finance department, will begin his five-year appointment from September

The Conversation

Cheap shots aside, Chalmers has work to do to improve his new 'wellbeing' framework

The Albanese government’s new “Measuring What Matters” framework for a wellbeing economy has been criticised for relying on out-of-date data in several crucial measures. But that’s an easy and somewhat cheap criticism to make.

The Guardian - AU

Victorian Liberals call for parliamentary inquiry into cancellation of Commonwealth Games – as it happened

This blog is now closed

AAP

Aussie wellbeing tracker shows room for improvement

The life expectancy, safety and representation of Australians in parliament has improved, but many other wellbeing indicators are deteriorating.

AAP

Reserve Bank might be using sledgehammer to crack a nut

Prominent economists say a broad range of economic policies are needed to tackle inflation with RBA rate hikes ineffective against key sources of inflation.

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