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The Latest Breaking News from Jim Chalmers

May budget ‘needs to strike right balance’

Treasurer Jim Chalmers has set the parameters for his 2022/23 budget, laying out eight key priorities for the near and longer term.

The New Daily

Expert warns of growing tax burden ahead of budget

Former Treasury boss Ken Henry warns inadequate tax settings are worsening intergenerational inequality as the treasurer prepares for his second budget.

AAP

Morning Mail: Putin cyberwarfare plans exposed, debate over minimum wage, Aston to test Dutton

Secret documents leaked by a whistleblower angry about the Ukraine war reveal military’s tactics and mindset

The Guardian - AU

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Australian employers say ‘excessive’ minimum wage rise in line with inflation could lead to recession

Claim comes as Albanese government argues Fair Work Commission should ‘ensure the real wages of Australia’s low-paid workers do not go backwards’

The Guardian - AU

Grattan on Friday: We need more tax revenue, but don't ask the major parties how we'll get it

Teal candidates again fell short in the NSW election. Only one who was so labelled was successful, and she rejects the terminology. This followed the Victorian state election in which no teal won.

The Conversation

Regional road funding in focus ahead of federal budget

As Treasurer Jim Chalmers gears up for his second budget in May, the federal opposition wants to ensure roads and regional communities are prioritised.

AAP

Treasurer Jim Chalmers backs lift in pay rates ahead of minimum wage review, as unions push for pay rise to match inflation

Treasurer Jim Chalmers says a coming minimum wage review should not allow the lowest-paid workers to fall further behind, saying minimum wage earners are not driving inflation.

ABC News

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Legislative changes could be coming to RBA: Treasurer

The Reserve Bank could be facing legislative changes under a review, due to be handed to Treasurer Jim Chalmers on Friday.

The New Daily

The Reserve Bank doesn't need an overhaul, Australia needs fairer policies, says former governor

Former governor Bernie Fraser says the Reserve Bank of Australia's attempt to improve the welfare of all Australians has been undermined by decades of neoliberalism.

ABC News

ACTU pushing for 7 pct rise to minimum and award wages

More than two million workers on minimum and award wages should get a seven per cent pay rise to keep up with the rising cost of living, the ACTU argues.

AAP

Government and nation can't afford to avoid productive debate on economic reform

A more impoverished Australia looms as our productivity plunge continues

Newcastle Herald

Government to dig deep to keep unfunded programs afloat

The federal opposition left behind a range of unfunded "zombie measures" that will pile more pressure on already-stretched finances, the treasurer says.

AAP

Intensive monitoring backs local banks to ride out global market ructions

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.

The New Daily

Greens maintain pressure ahead of climate policy push

The federal government is confident it can pass its signature safeguard mechanism but the Greens are still pushing to end new coal and gas projects.

The New Daily

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AAP

Climate, referendum battles loom as parliament returns

Senate negotiations are still under way as the Albanese government hopes to pass signature climate and referendum reforms through federal parliament.

The Guardian - AU

Coalition’s super changes will affect three times as many people as Labor’s plan, modelling shows

Jim Chalmers says figures based on Treasury projections reveals opposition’s ‘deception’

AAP

Home, business buyers should be advised of climate risk

As the government works its way through a 1000-page report on productivity, debate has been sparked over home sellers disclosing climate risk.

The Guardian - AU

Upskilling workers and slashing tariffs: key takeaways from the Productivity Commission report

Five-yearly report devotes section to threat of climate crisis and suggests five ‘reform pillars’ to boost sluggish productivity growth

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The Guardian - AU

Afternoon Update: Australia to buy US cruise missiles; AFL boss thinks there’s too many gambling ads; and NZ TikTok ban

Australia spending $1.3bn to purchase 220 Tomahawk cruise missiles to accompany the Virginia class submarines being bought from the US

ABC News

Free uni lectures, expanded climate scheme and working visa overhaul among proposals in major productivity review

A major Productivity Commission review spread over a thousand pages recommends overhauling education, immigration, workplace law and the government's signature climate policy — or else face lower wages and longer working days.

The New Daily

Treasurer flags more work needed to boost productivity

A review into Australia's woeful productivity performance is expected to contain 71 reform recommendations to lift pay packets and boost national prosperity.

AAP

Hard work ahead to boost nation's productivity

Climate policy, the migration system, workplace laws and health and education systems have been earmarked for reform under a review of Australia's productivity.

Newcastle Herald

Any changes to the super honeypot must be put to the hive

A super dilemma: whose honeypot is it?

The New Daily

‘Productivity problem’ putting living standards at risk

Treasurer Jim Chalmers says Australia is slipping down global productivity rankings - and there's no easy fix for the problem.

AAP

'Productivity problem' putting living standards at risk

Treasurer Jim Chalmers says Australia is slipping down global productivity rankings - and there's no easy fix for the problem.

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