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The Latest Breaking News from Jim Chalmers

Treasurer reveals ballooning cost of Liberals’ ‘parting gift to the country’

The total interest bill on federal government debt is expected to add up to about $110 billion over the next five years — about $700 a second. This is

The New Daily

$60m a day: soaring interest bill on Australia’s debt eclipses cost of childcare or infrastructure

Jim Chalmers says $112bn cost over five years is one of fastest growing pressures on budget, blaming Coalition for the ‘mess’ it left

The Guardian - AU

Grattan on Friday: Albanese enjoys London limelight while Chalmers sweats in budget spotlight

The timing of history. How Anglophile and monarchist Tony Abbott would love to have been the prime minister attending the coronation. To say nothing of John Howard, a key figure in fending off an Australian republic in 1999.

The Conversation

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Give rate rises to savers too, Treasurer tells banks

Treasurer Jim Chalmers has urged banks to pass on the latest interest rate hike to savers without delay.

The New Daily

Nurses union fears nursing homes won't pass on 'historic' $11.3 billion budget commitment to boost aged care wages

The nurses union warns the aged care sector has form when it comes to avoiding paying wage rises, and says the government must oblige providers to pass on a historic 15 per cent pay increase to all workers, not just those on award rates.

ABC News

Jim Chalmers wants a truly independent RBA. He should be careful what he wishes for

Might Jim Chalmers have forgotten Labor Party history?

The Conversation

Alan Kohler: Why this week’s RBA meeting was different

Jim Chalmers is touting 'responsible' spending. Can it be “responsible” in the context of the battle by the RBA to slay inflation?

The New Daily

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Jobseeker: what we know before the budget, who will benefit and who won’t

Under consideration is a lift in welfare payments for the over-55s but critics say too many younger people would miss out

The Guardian - AU

Government to spend $11.3 billion over four years to fund 15% pay rise for aged care workers

Tuesday’s budget will include $11.3 billion over four years to fund the 15% pay rise aged care workers will receive from July 1.

The Conversation

‘Smashing families’: Premiers take aim at RBA rate rises

Three premiers have taken aim at the RBA over rapidly rising interest rates, following Tuesday's decision to impose another hike.

The New Daily

Labor accused of playing ‘footsies’ with Australia’s major challenges if it pursues risk-averse budget

‘Bold is what we need’ from budget to lift people out of poverty and address cost of living, Grattan Institute’s Danielle Wood says

The Guardian - AU

What do you want to know about the budget and how it impacts you? Tell us

The federal budget has been handed down, with some policies to ease cost-of-living pressures. We want to know your questions and stories.

ABC News

Michael Pascoe: You want more RBA independence, Treasurer? Cop this

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

The New Daily

Anger over modest JobSeeker boost for over 55s while younger and Youth Allowance recipients look set to miss out

Young Australians and social services advocates are dismayed the federal budget looks set to include a modest boost to the JobSeeker payment, but only for those over 55.

ABC News

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The Guardian - AU

Labor boasts $9bn budget boost to childcare but advocates fear activity test will remain

The activity test, which reduces payments when one parent works less than 15 hours a week, would cost $1.3bn to abolishGet our morning and afternoon news emails, free app or daily news podcast

The Guardian - AU

Coalition’s $50 jobseeker rise more generous than Labor’s proposal, Pocock says

Albanese government risks being unfavourably compared to the Morrison government if it does not raise the payment for all, the key independent says

The Guardian - AU

Labor MPs condemn ‘discriminatory’ plan to increase jobseeker only for those over 55 in budget

Concerns growing that any changes to rental assistance will also fall along generational divides

The Guardian - AU

Afternoon Update: RBA’s rate hike surprise; higher tobacco taxes; and Serena Williams’ Met Gala reveal

Central bank raises cash rate by 25 basis points to 3.85% in defiance of most economists’ predictions

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The Independent UK

Australian central bank hikes interest rate to 3.85%

Australia’s central bank has surprised markets by increasing its benchmark interest rate by a quarter percentage point to 3.85% despite pausing its climb last month and new evidence that inflation is slowing

The Conversation

Presented with a JobSeeker finding too clear to ignore, he changed the subject: how Jim Chalmers is shaping the budget

What was Treasurer Jim Chalmers thinking?

The Guardian - AU

Jim who? Chalmers may not have Keating’s cut-through but this budget is his chance to serenade Australia

The treasurer’s biggest challenge is not making the numbers add up, it’s making sure the words take voters with him

ABC News

'Payday super' changes tipped to add thousands to retirement incomes, catch more unpaid superannuation

Millions of Australian workers are set to retire with thousands more in their superannuation accounts after changes from the federal government requiring all businesses to pay their employees' superannuation on payday.

The New Daily

Superannuation to be boosted by thousands after change

Young workers are set to receive about $6000 extra in their superannuation balance on retirement after changes to how their payments are made.

The New Daily

Welfare payment boost expected for people aged over 55

Older Australians are tipped to receive a modest boost to JobSeeker payments, with a commitment to considering broader increases to welfare payments expected.

ABC News

Treasurer refuses to confirm reported JobSeeker lift for people over 55, but says targeted support in the budget

The federal budget will contain targeted support for unemployed women over the age of 55, but the treasurer will not say if that will come in the form of a lift in the JobSeeker rate for that group.

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