The Latest Breaking News from Jim Chalmers

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

Federal Labor is engaged in urgent reform, making up for the “lost decade” under the Coalition. The Voice, industrial relations, climate change, universities, health, Asian-Pacific diplomacy, research and development are all undergoing significant policy review. We can now add the new National Cultural Policy, dubbed Revive.

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Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

Treasurer says 2023 priorities include cost-of-living relief, a tax expenditure statement and the intergenerational report and wellbeing framework

The government has an enormous agenda this year but the reaction to the treasurer’s ideas signals the obstacles it faces

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

Strengthening Medicare report welcomed but experts criticise lack of detail on making GPs more affordable for Australians

The prime minister will go ahead with the referendum even without bipartisan support, he tells us

New analysis calls for major changes including restrictions on concessions as the country risks having ‘two classes of state-funded retirees’