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The Latest Breaking News from Jim Chalmers

No, the NDIS is not ‘strangling’ the economy

Accusations against the NDIS are fuelled by a worldview that sees supporting the most vulnerable in our community as an unaffordable cost, while tactically ignoring the benefits.

Crikey

Tax cuts not enough to sway voter economic worries

The treasurer has brushed off polling showing voters are pessimistic about their finances despite cost-of-living relief measures.

AAP

Tax changes ruled out as treasurer launches food fight

Cost of living remains a major focus of the upcoming federal election, with each party spruiking policies to address pressure on household budgets.

AAP

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Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

AAP

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

AAP

Australia Frets Over Meta Halt To US Fact-checking

Australia is deeply concerned by Meta's decision to scrap US fact-check operations on its Facebook and Instagram platforms, a senior government minister said Thursday.

International Business Times

'Alarming' move by Meta raises misinformation fears

Meta's decision to end its third-party fact checks could put Australian democracy at risk amid an explosion of misinformation and disinformation, leaders warn.

AAP

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Cost of living in mind as Labor clutches purse strings

Voters are crying out for more measures to combat the rising cost of living with a federal election looming as Labor preaches responsible economic management.

AAP

Early rate-cut hopes alive as core inflation eases

Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.

AAP

Coalition insists nuclear plan won't blow up economy

The federal opposition has slammed government analysis that suggests its nuclear energy calculations are based on a shrinking economy in five states.

AAP

PM sharpens attack on nuclear in election-style tour

The prime minister is using a multi-state blitz to launch new offensives against the coalition's nuclear energy policy as the federal election looms.

AAP

PM hits the road to an election with multi-state blitz

The election year has begun with the prime minister making his first major promise as he embarks on a whirlwind cross-country crusade.

AAP

If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse

As soon as people decide that crypto is valueless, it will be – but in the next few years, exposure of traditional institutions will likely run into the hundreds of billions

The Guardian - AU

Tanya Plibersek in hot water over no ‘new’ coal mine claims

The environment minister has come under heavy criticism for approving four coal mine expansions, and hundreds of Australians have been flown home from Vanuatu following the country’s devastating earthquake.

Crikey

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The Conversation

Politics with Michelle Grattan: Chalmers says the budget’s better than it was; Taylor says it’s much worse than it should be

Appropriately, we finish our podcast for 2024 talking to Treasurer Jim Chalmers and his shadow, Angus Taylor because, as the saying goes, “it’s the economy, stupid!”

AAP

Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

The Guardian - AU

A predicted deficit will get the headlines but remember that budgets are about choices

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

The Guardian - AU

Why Australian politicians are angry at the ‘woke brigade’ over gender neutral gingerbread

The gingerbread people sold in a Parliament House cafe have some conservative politicians aghast

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The Guardian - AU

Labor’s long game: why trust and a little fear matter more than a balanced budget

With voters distracted by Christmas, the government has saved major announcements for 2025, using the mini-budget to prove it can get its sums right

AAP

Crackdown on tobacco research, phoenixing boosts budget

Policy decisions will result in a $17.5 billion deterioration of the federal books, even as tax crackdowns boost revenue, a mid-year budget update predicts.

Crikey

Chalmers reveals lower deficit this year, and billions more in deficits beyond

Economists expected blowout in this year’s mid-year budget update, but the government has unveiled a smaller deficit (with the blowouts coming later).

Crikey

RBA changes do nothing for ordinary households. Labor must do more than tinker

Labor continues to fiddle with the margins of the economy rather than use the power of government to deliver reform.

The Guardian - AU

Federal budget $27bn in the red and won’t return to balance for a decade, Myefo forecasts

Budget downgrade blamed on Australian economy being hit harder than anticipated by higher interest rates, cost of living pressures and global uncertainty

Crikey

Budget has improved $200bn since Morrison: Chalmers

Jim Chalmers is trying to spin the upcoming budget deficit by pointing out the improvement since the last government, and Vanuatu has been shaken by a devastating earthquake.

AAP

Deficits dig deeper holes as cracks appear in budget

Australia is on track for a soft economic landing despite budget deficits set to widen as spending grows and tax receipts fall, Treasurer Jim Chalmers says.

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