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The Latest Breaking News from Jim Chalmers

Government defends faster inflation fall than RBA

Inflation will be back within the Reserve Bank's target range a year earlier than the bank has predicted, based on government budget figures.

AAP

Is the Coalition planning to overtake Labor and tax rich inner-city EV drivers?

The commonwealth had state electrical vehicle taxes struck down in court. Now reform is stuck in the slow lane

The Guardian - AU

Treasurer promises more relief alongside tax cuts

With long-awaited stage three tax cuts set to drive cost of living relief in the budget, Treasurer Jim Chalmers has given an assurance more help is coming.

AAP

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Chalmers threads budget needle with difficult economy

Treasurer Jim Chalmers is confident he can beat inflation in the near term while gearing up for growth in a low-carbon world in his government's third budget.

AAP

Jim Chalmers claims there won’t be ‘any new money’ for gas in budget as Labor faces caucus revolt

Albanese government has already telegraphed budget will include $566m over 10 years to map Australia’s soil and seabed for gasfield exploration and $100m to speed up environmental approvals

The Guardian - AU

Consumers tipped to stash tax-cut savings for rainy day

Australians plan to stash their stage three tax cut cash, a key cost of living relief measure in the budget, in promising news for inflation

AAP

Australian federal budget 2024: what we know so far and what to expect

Treasurer Jim Chalmers has promised more cost-of-living relief in his 14 May budget as well as spending for students and health

The Guardian - AU

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Budget sneak peek predicts higher wages and tax breaks – but no increase for Australians on jobseeker

Government dampens hopes for an increase to jobseeker, despite pressure from economists, social justice groups and equality advocates

The Guardian - AU

Treasurer worried about home building pipeline

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

AAP

Penny Wong and Palestinian PM discuss recognition of statehood – as it happened

This blog is now closed.

The Guardian - AU

Australia's housing woes to be focus in federal budget

The plight of struggling renters will be addressed in the upcoming federal budget, Treasurer Jim Chalmers says.

AAP

Federal budget to include new funding for stage 2B of light rail

Government also questioned on future of Canberra stadium.

The Canberra Times

'Under the pump': expenses help for battling families

Cost-of-living support will be a key focus in the Albanese government's third federal budget, which will be handed down next week.

AAP

Tax revenue surge as treasurer tempers expectations

Labor won't receive as much tax revenue compared with previous years, but a surplus still remains within reach for the federal budget.

AAP

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The Guardian - AU

‘Placement poverty’ to be tackled in Labor budget with new payments for student teachers and nurses

Midwives and social workers will also be given a $320 weekly payment for undertaking mandatory work placements at university

AAP

Global body warns Australia on interest rates, NDIS

Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.

Top News

Australia And India Bilateral Relationship Strengthened In Recent Years

Australia and India are enhancing economic and military ties amidst espionage concerns, reflecting evolving geopolitical dynamics in the Indo-Pacific region.

The Guardian - AU

Australia expelled two Indian intelligence operatives in 2020 as part of ‘nest of spies’, reports claim

Asio director general Mike Burgess had referred to expulsion of foreign operatives in 2021 speech but did not name country behind threat

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The Guardian - AU

Labor to fast-track foreign investment to help fund future industrial policy

Treasurer Jim Chalmers will set a target of 30 days to clear cases as he seeks money for build-to-rent and energy transition

AAP

Spending habits under a microscope ahead of budget

Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.

AAP

Treasurer faces 'hard truths' in global industrial race

The federal budget provides the "perfect lever to pull" for Australia to win back jobs and investment in the global race to secure clean energy supply chains.

AAP

Community alliance slams 'harm' from employment service

Community organisations, unions and First Nations groups have demanded the government meet its commitments to support the unemployed and disadvantaged.

AAP

Calls to cap student debt indexation after latest rise

University student debt will rise by 4.7 per cent from June, sparking calls for indexation to be capped.

AAP

Borrowers warned not to count on 2024 rates relief

Hotter-than-expected inflation data has likely pushed back the start date for interest rate cuts, a move that will keep pressure on mortgage holder budgets.

AAP

Financial help for uni students on placement floated

Struggling university students undertaking unpaid placements may receive financial help in the budget, as the union warns of worsening workforce shortages.

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