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The Latest Breaking News from Jim Chalmers

Producers welcome Treasurer’s budget tweak to petroleum resource rent tax

An overhaul of the petroleum resource rent tax will help get Australia's finances back on track, Treasurer Jim Chalmers says.

The New Daily · May 6, 2023

Millions to receive up to $500 in energy bill relief at federal budget, as Treasurer flags broader cost of living support

In this week's federal budget, up to $500 in assistance will go to millions of households to help pay energy bills as part of a wide-ranging cost of living package.

ABC News · May 6, 2023

Federal budget: Labor to collect billions more in petroleum resource rent tax

Treasurer Jim Chalmers and finance minister Katy Gallagher announce changes ahead of budget tipped to be at or near surplus

The Guardian - AU · May 6, 2023

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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 · May 5, 2023

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 · May 5, 2023

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 · May 5, 2023

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 · May 5, 2023

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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 · May 5, 2023

‘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 · May 5, 2023

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 · May 5, 2023

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 · May 5, 2023

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 · May 5, 2023

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 · May 5, 2023

Opposition leader says no federal intervention needed – as it happened

This blog is now closed.

The Guardian - AU · May 4, 2023

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The New Daily · May 4, 2023

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 Guardian - AU · May 4, 2023

$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 Conversation · May 4, 2023

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 New Daily · May 4, 2023

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.

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ABC News · May 4, 2023

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 · May 3, 2023

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 · May 3, 2023

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?

The Guardian - AU · May 3, 2023

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 · May 3, 2023

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 · May 3, 2023

‘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 · May 3, 2023

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

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