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The Latest Breaking News from Jim Chalmers

Anthony Albanese reassures Labor faithful on budget eve

The budget will include $14.6 billion in cost-of-living policy measures, targeted, Mr Albanese said, “for those who need it most”.

The New Daily

What Australia's new gas tax will mean for new projects, the economy and the climate

Treasurer Jim Chalmers has announced higher taxes on gas industry profits, which he says will give Australians a “fairer return” on their natural resources.

The Conversation

Labor’s changes to gas tax will deliver little if any extra revenue, analysts say

Greens label move as ‘less than the bare minimum’ while Monique Ryan says Australia remains a ‘global laggard’ on taxing industry

The Guardian - AU

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Australian govt pledges $10 billion in budget to ease cost of living

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.

Reuters

Federal budget tax windfall mostly pocketed to wipe out deficit, Treasurer says

Federal Treasurer Jim Chalmers says he has let most of the money from higher commodity prices and low unemployment "flow through" to the bottom line ahead of unveiling tomorrow's budget.

ABC News

Fears relief could add to inflationary pressures – as it happened

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The Guardian - AU

Jim Chalmers says the Coalition racked up all but a 'tiny fraction' of $1 trillion in debt left to Labor. Is that correct?

Treasurer Jim Chalmers says that Labor inherited a trillion dollars of "Liberal debt" when it came to office, and that Labor's share of that, left to the previous Coalition government was "a tiny fraction". RMIT ABC Fact Check runs the numbers.

ABC News

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Morning Mail: budget’s $14.6bn cost-of-living relief, tributes to Zonfrillo, second Texas tragedy

Treasurer hints at additional measures for renters while others tipping a broad rise in the jobseeker payment

The Guardian - AU

Electricity bill relief receives mixed reviews as federal government reveals $14.6b cost of living package

The $14.6 billion package over the forward estimates includes $1.5 billion in electricity bill relief for more than 5 million households and a further 1 million small businesses.

ABC News

Federal budget 2023: what we know so far about treasurer Jim Chalmers’ budget

From welfare to health, childcare and housing, Guardian Australia examines what has been revealed about the Albanese government’s budget

The Guardian - AU

View from The Hill: Budget 'centrepiece' will be $14.6 billion cost-of-living package

A $14.6 billion four-year cost-of-living package will be the centrepiece of Labor’s second budget, which seeks to balance spending restraint with its election commitment to not leave people behind.

The Conversation

Budget to contain $14.6bn in cost-of-living relief amid hopes of broader jobseeker rise

Treasurer Jim Chalmers says support won’t be limited by age, as reports suggest a small jump in jobseeker base rate

The Guardian - AU

Budget 2023-24: What we know so far, before Treasurer Jim Chalmers’ speech

Treasurer Jim Chalmer’s second federal budget will be unveiled on Tuesday, with cost of living relief at the top of the agenda.

The New Daily

Relief on the way from soaring power bills

Millions of people are in line for energy bill relief in the budget as the government promises hundreds of dollars in savings

The New Daily

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The Guardian - AU

Chalmers confirms millions to receive up to $500 in energy rebates in Tuesday budget

Amount received will depend on location, treasurer says, but no comment on calls to increase jobseeker base rate

The Guardian - AU

Tasmania pushing to fast-track new AFL stadium; Chalmers slip hints at budget surplus – as it happened

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The New Daily

Producers welcome Treasurer’s budget tweak to petroleum resource rent tax

An overhaul of the petroleum resource rent tax will help get Australia's finances back on track, Treasurer Jim Chalmers says.

ABC News

Millions to receive up to $500 in energy bill relief at federal budget, as Treasurer flags broader cost of living support

In this week's federal budget, up to $500 in assistance will go to millions of households to help pay energy bills as part of a wide-ranging cost of living package.

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The Guardian - AU

Federal budget: Labor to collect billions more in petroleum resource rent tax

Treasurer Jim Chalmers and finance minister Katy Gallagher announce changes ahead of budget tipped to be at or near surplus

ABC News

Extra billions flowing into budget but real wages not tipped to grow for another year

Workers will have to wait another year before their wages outstrip the rising cost of living, according to Treasury forecasts to be released next week.

The New Daily

Workers to get real wage lift ahead of schedule

Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which

The Guardian - AU

Labor may be ‘vindicated’ by the budget, but a surplus would be cold comfort for those grappling with the cost of living

Jim Chalmers is balancing talk of the S-word with the promise of ‘responsible economic management’. What does that mean for those who most need support?

The Guardian - AU

Jim Chalmers promises cost-of-living relief for all ages as speculation on surplus intensifies

Housing affordability, clean energy and ‘place-based’ responses to poverty major priorities in Albanese government’s budget

The Conversation

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.

The New Daily

‘Disappointing’: Big banks post huge profits, but leave savers behind

Some of Australia’s big banks are posting gargantuan profits this week as rising mortgage bills fatten their coffers.

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