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The Latest Breaking News from Jim Chalmers

State treasurers propose targeting men to work in care sector to boost productivity

Board of treasurers’ submission to employment white paper taskforce suggests making training flexible and promoting regional jobs

The Guardian - AU

Gloomy global economy forecasted ahead of budget

Treasurer Jim Chalmers is warning of economic uncertainty with spiking global inflation and interest rates spurred by war in Ukraine ahead of the May budget.

AAP

Sure, the RBA froze interest rates this time, but there's plenty of pain to come

Australia’s Reserve Bank has hit pause on interest rates after ten successive hikes, but for many Australians, the pain it has inflicted is about to begin.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

‘Relief’ for home owners as RBA pauses rates for first time in 10 meetings

The Reserve Bank has hit the pause button on its record breaking run of interest rates hikes in April, delivering relief to home owners.

The New Daily

Super tax break reform could boost budget: report

A new report by the Grattan Institute says there is plenty of scope to overhaul superannuation tax concessions in the federal budget.

AAP

‘Once-in-a-generation opportunity’: why the RBA is under review – and what happens next?

Explainer: Report’s recommendations on the central bank are due out this month. Here’s what you need to know

The Guardian - AU

Pauline Hanson says Labor broke an 'election promise' on migration. Did it even exist?

Pauline Hanson says Labor broke an election promise by increasing migration. But Labor never made any promises about migration levels.

ABC News

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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

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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The New Daily

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.

ABC News

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.

AAP

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.

Newcastle Herald

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

A more impoverished Australia looms as our productivity plunge continues

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AAP

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.

The New Daily

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.

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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