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The Latest Breaking News from Jim Chalmers

The world is hot and getting hotter and is close to an ‘irreversible’ climate breakdown, the UN warns, and although Labor is pretty sure to win the November 26 election in Victoria it’s not looking like another ‘Danslide’.

Crikey

Call for energy ministers to agree to gas price cap at 30% of current market offers

Head of Australian energy users group says current $35 per gigajoule is ‘dire’ and a $10/GJ cap would be ‘pretty fair and reasonable’

The Guardian - AU

Grattan on Friday: Cost of living goes from a winner for Albanese in May to a weapon for Dutton in October

An opposition leader has a tricky task when delivering a first budget reply after an election rout. But circumstances played into the hands of Peter Dutton for his big parliamentary occasion on Thursday night.

The Conversation

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Cheaper gas and electricity prices are within Australia's grasp – here's what to do

Virtually every country in the world is facing a crisis in energy costs, yet while other countries can’t do much about it, Australia can.

The Conversation

1 million homes target makes headlines, but can't mask modest ambition of budget's housing plans

Housing took centre stage in Treasurer Jim Chalmers’s first budget this week. Relatively modest but positive steps were made towards tackling Australia’s worsening shortage of affordable social housing, as well as the broader challenge of housing affordability. But parts of the package cast some doubt on the new government’s analysis…

The Conversation

Our first ‘well-being budget’ was a bit of a flop and Australia is not well

Treasurer Jim Chalmers didn’t deliver much for social, physical and mental health on Tuesday so inequality is still hurting many Australians.

Crikey

Albanese government staring at 'unpleasant choices' amid deepening energy price crisis

Pressure mounts on the Commonwealth to fix the electricity system's woes, but observers warn there are no easy solutions and consumers are in for a rough ride.

ABC News

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Labor's Budget commitments to the Hunter need timely funding on the follow through

Thanks for the Budget Jim, now keep it coming

Newcastle Herald

A bundle of energy

Former ACCC chair Rod Sims says the big gas companies should be bullied into lowering their prices, and the risks of heart disease from two of the COVID vaccines were not known until months after being put into Aussie arms.

Crikey

Michael Pascoe: The budget without reply

Next Thursday the Sydney Liberal Party faithful are being invited to pay $880 a seat for lunch and to listen to a budget reply.

The New Daily

Budget missed chance for relief: Dutton

Peter Dutton has used his first budget reply speech to attack the lack of cost-of-living measures put forward by the government while inflation rises.

AAP

Threaten Australian gas companies with export limits to rein in domestic prices, former ACCC boss says

Exclusive: Rod Sims argues federal government needs to be tougher, stating ‘it just needs the threat and I think they will act’

The Guardian - AU

Opposition hits out at Labor’s ‘vanity’ budget

The shadow treasurer rejected the concept of the structural deficit at the heart of the budget and said the economy could be grown faster.

The New Daily

Migration push means housing shortage remains, despite Labor’s budget fix

Treasurer Jim Chalmers unveiled the government’s plan to accelerate the construction of new housing across the country.

The New Daily

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The Conversation

Politics with Michelle Grattan: Jim Chalmers, Angus Taylor and Danielle Wood on the budget

Treasurer Jim Chalmers says of his first budget: “Inflation is the dragon we need to slay”. Chalmers’ worry about inflation was reinforced by Wednesday’s release of the September quarter CPI, which showed inflation at 7.3%.

The Guardian - AU

Federal budget: Jim Chalmers flags intervention in energy market as prices surge

ACCC to review gas industry as Labor’s budget forecasts point to a 56% rise in power prices over the next two years

The Conversation

Chalmers hasn't delivered a wellbeing budget, but it's a step in the right direction

It was billed as Australia’s first wellbeing budget. But, five months into a new government, with so many economic fires to fight, Treasurer Jim Chalmers’ first budget was never going to be that.

The Guardian - AU

Australian voters were betrayed on energy prices, but not by Labor’s budget

Before things get totally hysterical over the next few days, let’s talk about what betrayal really looks like

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The Conversation

Budget restraint? When it comes to transport projects, it's hard to find

“Restraint” – that’s what Treasurer Jim Chalmers claimed as the watchword of Tuesday’s federal budget. Perhaps the claim can be made in general, but when it comes to transport infrastructure, the budget is remarkable not for how different it is to budgets past, but how similar. It has left plenty…

The Conversation

This was supposed to be a 'wellbeing budget' – so why does it feel like the arts have been overlooked?

The first Labor federal budget has come down, but the arts are almost nowhere to be seen.

The Conversation

Labor's 'sensible' budget leaves Australians short-changed on climate action. Here's where it went wrong

Treasurer Jim Chalmers last night delivered a budget he declared was “solid, sensible and suitable to the times”. But what does a sensible budget look like in a world that is fast running out of time on climate change?

The Conversation

Steadying foreign aid budget signals the government takes development seriously

On budget night in 2014, the Abbott government cut nearly $8 billion from Australia’s international development program, the largest-ever aid cuts. Programs in South-East Asia were cut by 30%. For a government obsessed with surplus, it was seen as a sort of political victimless crime. Yes, it would hurt foreigners,…

Newcastle Herald

Annual inflation rate rises to 7.3 per cent amid gas price surge

The annual inflation rate has risen to 7.3 per cent as surging gas prices add pressure to household budgets

Newcastle Herald

Business leaders welcome Hunter's budget 'success'

Newcastle Airport says it is "thrilled" to have funding for its new terminal building confirmed in Tuesday's federal budget, and the Hunter's peak business group has welcomed commitments to other large infrastructure projects.

ABC News

Federal budget sets up Murray-Darling Basin showdown

The government has announced a plan to buy back water from irrigators for the first time in a decade, setting up a showdown between stakeholders in the Murray-Darling Basin.

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