The Latest Breaking News from Jim Chalmers

Australia on track for pension payments to shrink from 2.3% of GDP to 2% by 2062-63 as superannuation balances balloon

Australia’s comprehensive superannuation system means spending on the age pension will decline as a proportion of GDP by 2062-63 despite a doubling of Australians aged 65 and over, according to the government’s Intergenerational Report to be released on Thursday.

Australia’s care economy could increase from its present about 8% of GDP to about 15% in 40 years, according to the government’s Intergenerational Report, to be released by Treasurer Jim Chalmers on Thursday.

Labor to lay out new economic growth plans in response including focus on digital technologies and aiming to become a ‘renewable energy super power’

Health, aged care, NDIS, defence and interest payments will grow from one-third of government spending over next four decades

Labor is less than halfway into its first term, but Anthony Albanese is focused, laser-like, on its second one. Securing it, that is.

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Anthony Albanese says movement on renters’ rights is needed but has rejected the Greens’ calls for a rent cap

Next week the Labor Party will hold its national conference in Brisbane. It’s the first face-to-face conference in five years. These conferences don’t have anything like the bite they once did, but there’s still a chance for the party’s rank and file to have a shout about issues. More than…