The Latest Breaking News from Jim Chalmers

The federal treasurer won't budget a "big number" to fill a funding hole in a massive rail line project, but the state's premier vows to push on regardless.

CPI figures have economists predicting one to three RBA cash rate cuts in 2025 – the question is whether one will occur before federal election

Tax cuts are the major highlight of what Labor’s 2025 budget is doing for households

If you're looking for a handy guide about the 2025 Federal Budget and how it affects young Aussies, we've got you covered.

More than 3 million employees earning less than $175,000 a year to benefit from policy, which will make it easier for low-paid workers to switch jobs

Tax cuts are the centrepiece of the Albanese government’s cost-of-living budget bid for re-election in May. The surprise tax measures mean taxpayers will receive an extra tax cut of up to A$268 from July 1 next year and up to $536 every year from July 1 2027.

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

Today’s budget is a cautious and responsible response to the cost-of-living pressures facing voters.

All taxpayers will get two rounds of cuts but only starting from July 2026, as Treasurer Jim Chalmers makes the case for a second Labor term.