The Latest Breaking News from Jim Chalmers

Budgets 'best buffer' to global recession

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

AAP · Oct 13, 2022

Treasurer Jim Chalmers warns of US recession prior to meeting with G20 counterparts

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.

ABC News · Oct 12, 2022

Labor ramps up pressure on gas industry as energy prices rise but stops short of price caps

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

The Guardian - AU · Oct 12, 2022

Downturn budget won’t ‘spray cash’ on bill relief despite $114b boost

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.

The New Daily · Oct 11, 2022

Chalmers flags gas action, with escalating power prices a cost-of-living nightmare for government

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.

The Conversation · Oct 11, 2022

Treasurer says Australia likely to avoid recession but admits global economy is ‘dangerous’

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

The Guardian - AU · Oct 11, 2022

US rate hikes could fan local inflation

Treasurer Jim Chalmers is heading to Washington to take the temperature of the global economy before handing down his first budget.

AAP · Oct 10, 2022

Stage-three tax cuts spark bigger question about trust in government

Treasurer Jim Chalmers is bracing for grim news this week in Washington DC from the world’s pre-eminent financial movers and shakers.

The New Daily · Oct 10, 2022

Defence projects suffer $6.5bn cost blowout as Marles promises more scrutiny in future

Minister takes aim at Coalition’s handling of defence projects, saying money was ‘flushed down the toilet’

The Guardian - AU · Oct 9, 2022

Albanese insists tax position 'hasn't changed', as the government targets defence delays

Anthony Albanese on Sunday insisted the government’s intention to deliver the Stage 3 tax cuts has not changed, while he reinforced the expectation of deep spending cuts in this month’s budget to attack “waste”.

The Conversation · Oct 9, 2022