The Latest Breaking News from Jim Chalmers

Senior ministers this week have dramatically raised the stakes in the Albanese government’s face-off with gas producers, amid escalating energy prices and dire warnings of worse to come. The question now is: how does the government follow through with effective action to match the rhetoric?

Headwinds facing the global economy require a coordinated international response, Jim Chalmers has told at a meeting of central bank and economic officials.

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.

Unions accuse resource minister Madeline King of signing ‘dud deal’ with multinational gas companies

Getting the cash rate back to neutral is more about the journey than the destination and the Reserve will be guided by changing economic conditions.

The upcoming budget is expected to be an exercise in trimming waste and tightening spending across portfolios as taxpayers can expect modest savings.

Federal treasurer Jim Chalmers to attend meeting of Coalition of Finance Ministers for Climate Action in Washington this week

Revenue boost will aid budget repair as ‘storm clouds’ loom over economy, Deloitte predicts

The federal government's budget is awash with $114 billion in new revenue, but Australians won't see much in terms of cost-of-living relief.

High and rising power prices will become a bigger part of Australia’s inflation problem over time, Treasurer Jim Chalmers has warned, as he foreshadowed more government action to combat high gas prices.

Jim Chalmers says spiralling energy costs the most ‘problematic aspect of our inflation problem’ through to mid-2023