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The Latest Breaking News from Jim Chalmers

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.

ABC News

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 New Daily

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

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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 Guardian - AU

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 Conversation

‘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.

The New Daily

Jim Chalmers attacks ‘coalition of weirdos’ as Labor pushes Senate to vote on housing fund next week

Treasurer says budget will include ‘additional measures’ to help renters as Greens launch last-ditch bid to restart negotiations

The Guardian - AU

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ParentsNext has finally been axed but it remains to be seen if other punitive programs will be abolished

Its abolition was long overdue and the Albanese government is to be commended for heeding the calls of experts and advocates

The Guardian - AU

Queensland coal projects cancelled over failure to provide environmental impact information

The federal Environment Minister cancelled two projects over the failure of proponents to provide information on environmental impacts, which was requested over many years.

ABC News

Treasurer Jim Chalmers insists nation's most vulnerable will be supported in federal budget

Treasurer Jim Chalmers says he has not forgotten the nation's most needy as he prepares to hand down next week's budget which is expected to have a strong focus on cost of living support.

ABC News

Opposition leader says no federal intervention needed – as it happened

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The Guardian - AU

Treasurer reveals ballooning cost of Liberals’ ‘parting gift to the country’

The total interest bill on federal government debt is expected to add up to about $110 billion over the next five years — about $700 a second. This is

The New Daily

$60m a day: soaring interest bill on Australia’s debt eclipses cost of childcare or infrastructure

Jim Chalmers says $112bn cost over five years is one of fastest growing pressures on budget, blaming Coalition for the ‘mess’ it left

The Guardian - AU

Grattan on Friday: Albanese enjoys London limelight while Chalmers sweats in budget spotlight

The timing of history. How Anglophile and monarchist Tony Abbott would love to have been the prime minister attending the coronation. To say nothing of John Howard, a key figure in fending off an Australian republic in 1999.

The Conversation

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The New Daily

Give rate rises to savers too, Treasurer tells banks

Treasurer Jim Chalmers has urged banks to pass on the latest interest rate hike to savers without delay.

ABC News

Nurses union fears nursing homes won't pass on 'historic' $11.3 billion budget commitment to boost aged care wages

The nurses union warns the aged care sector has form when it comes to avoiding paying wage rises, and says the government must oblige providers to pass on a historic 15 per cent pay increase to all workers, not just those on award rates.

The Conversation

Jim Chalmers wants a truly independent RBA. He should be careful what he wishes for

Might Jim Chalmers have forgotten Labor Party history?

The New Daily

Alan Kohler: Why this week’s RBA meeting was different

Jim Chalmers is touting 'responsible' spending. Can it be “responsible” in the context of the battle by the RBA to slay inflation?

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The Guardian - AU

Jobseeker: what we know before the budget, who will benefit and who won’t

Under consideration is a lift in welfare payments for the over-55s but critics say too many younger people would miss out

The Conversation

Government to spend $11.3 billion over four years to fund 15% pay rise for aged care workers

Tuesday’s budget will include $11.3 billion over four years to fund the 15% pay rise aged care workers will receive from July 1.

The New Daily

‘Smashing families’: Premiers take aim at RBA rate rises

Three premiers have taken aim at the RBA over rapidly rising interest rates, following Tuesday's decision to impose another hike.

The Guardian - AU

Labor accused of playing ‘footsies’ with Australia’s major challenges if it pursues risk-averse budget

‘Bold is what we need’ from budget to lift people out of poverty and address cost of living, Grattan Institute’s Danielle Wood says

ABC News

What do you want to know about the budget and how it impacts you? Tell us

The federal budget has been handed down, with some policies to ease cost-of-living pressures. We want to know your questions and stories.

The New Daily

Michael Pascoe: You want more RBA independence, Treasurer? Cop this

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

ABC News

Anger over modest JobSeeker boost for over 55s while younger and Youth Allowance recipients look set to miss out

Young Australians and social services advocates are dismayed the federal budget looks set to include a modest boost to the JobSeeker payment, but only for those over 55.

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