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The Latest Breaking News from Jim Chalmers

Global uncertainty casting a shadow over federal budget

Treasurer Jim Chalmers has warned that the upcoming federal budget is being put together against a backdrop of difficult global economic conditions.

AAP · Apr 17, 2023

From stage-three tax cuts to welfare relief: what’s on Australia’s 2023 budget wishlist?

Jim Chalmers is under pressure to deliver for those doing it tough – but inflation and national debt pose serious obstacles

The Guardian - AU · Apr 16, 2023

Changes to petroleum resource rent tax estimated to net Australian government $94.5bn

Greens to use Parliamentary Budget Office costing to push Labor to clamp down harder on tax concessions for gas producers

The Guardian - AU · Apr 15, 2023

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Climate change and health in mix for wellbeing budget

Australia is edging closer to measuring wellbeing as part of its budget process alongside traditional markers of economic health.

AAP · Apr 13, 2023

Grattan on Friday: Chalmers grapples with a budget where economics and politics pull in different directions

Last weekend’s report that more than 10 million Australians are facing a large tax rise wasn’t a new revelation.

The Conversation · Apr 13, 2023

Treasurer pours cold water on call to broaden GST

Clamping down on GST-free items or raising the consumption tax entirely are unlikely to feature on the treasurer's tax reform agenda.

AAP · Apr 13, 2023

Australia must navigate 'choppy waters' amid gloomy global economic outlook, says Jim Chalmers

Jim Chalmers says his budget will be built on the expectation that the economy will "slow considerably" but Australia is "better placed than most to deal with this global uncertainty".

ABC News · Apr 13, 2023

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Jobless rate to stay low despite looming economic woes

Workers are still in short supply and the labour market is unlikely to reveal signs of loosening as the effects of inflation work through the economy.

The New Daily · Apr 12, 2023

The IMF has painted a grim picture of the world economy. What does it mean for Australia?

Australian economists say the IMF outlook supports their case for a soft landing after the rapid rise in interest rates

The Guardian - AU · Apr 12, 2023

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

ABC News · Apr 12, 2023

Major tax reform on ‘menu of options’ ahead of budget

Raising the GST, trimming defence spending and reforming tax breaks on super are some of the options the Grattan Institute has suggest to repair the budget.

The New Daily · Apr 12, 2023

Major tax reform on 'menu of options' ahead of budget

Raising the GST, trimming defence spending and reforming tax breaks on super are some of the options the Grattan Institute has suggest to repair the budget.

AAP · Apr 12, 2023

Australia ‘not immune’ from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

The New Daily · Apr 11, 2023

Australia 'not immune' from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

AAP · Apr 11, 2023

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The Conversation · Apr 11, 2023

Treasurer Chalmers has a $70 billion a year budget hole: we've found 13 ways to fill it

No one likes spending cuts and tax hikes, but on our estimate the government will soon need more of them if they are going to make a dent in looming A$70 billion a year budget deficits.

AAP · Apr 11, 2023

Treasurer warns vaping is hurting health and the budget

The treasurer says the switch to vaping is leaving a hole in the federal budget, but the "incredibly concerning" health crisis is the main priority.

The New Daily · Apr 11, 2023

Low-income tax offset to wind down as planned

The treasurer has defended the government's decision to push ahead with the phase-out of the tax offset for low- and middle-income earners.

AAP · Apr 10, 2023

Treasurer defends phase out of low income tax relief

A tax offset offered to low and middle income earners over the last three years is being axed, with the Albanese government saying it is no longer affordable.

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The New Daily · Apr 10, 2023

Jim Chalmers’ next budget: Will it be good for you too?

Jim Chalmers' budget will be shaped by a government that seems to be responding once again to the threat of uncertainty.

The Guardian - AU · Apr 7, 2023

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

AAP · Apr 7, 2023

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.

The Conversation · Apr 4, 2023

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 New Daily · Apr 4, 2023

‘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.

AAP · Apr 2, 2023

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.

The Guardian - AU · Apr 1, 2023

‘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

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