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The Latest Breaking News from Jim Chalmers

Labor says it’s looking for ways to ease cost-of-living pressures. Just don’t mention the stage-three tax cuts

The cuts are already baked into the RBA’s forecasts and economists say there is little point looking at alternatives

The Guardian - AU

Draft laws usher in compulsory climate risk disclosure

Draft laws for mandatory reporting of climate-related risks have been released by Treasurer Jim Chalmers.

AAP

NSW police say man they shot dead outside medical clinic was armed – as it happened

This blog is now closed.

The Guardian - AU

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Morning Mail: supermarkets under scrutiny, world’s hottest year record ‘smashed’, Trump immunity tested in court

Government eyes supermarket pricing in bid to ease cost of living; and Trump’s lawyers argue for immunity from prosecution

The Guardian - AU

The stage-three tax cuts are politics over policy – and no way to save our struggling economy

If Anthony Albanese is determined to forge ahead with the Coalition’s fiscal booby trap, any political capital must be used on genuine redistributive tax reform

The Guardian - AU

Supermarkets told to pass on savings at the checkout

Supermarkets have been told to pass on savings as calls echo for the consumer watchdog to launch an inquiry into their behaviour.

AAP

Storm clouds loom for economy as rain, floods take toll

The fallout from severe storms in Queensland could lead to consequences for the economy and budget bottom line, Treasurer Jim Chalmers has warned.

AAP

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Treasurer Jim Chalmers Has Appropriated Girl Math To Justify The Bonkers New Cost Of A Passport

Federal Treasurer Jim Chalmers has been accused of appropriating Girl Math to justify the increased cost of Australian passports.

Pedestrian.tv

Australians may get more cost-of-living relief in the next budget, Jim Chalmers says

Exclusive: Treasurer says government working on measures to ease the squeeze as well as policies to accelerate transition to net-zero emissions

The Guardian - AU

Politics with Michelle Grattan: Jim Chalmers says Australians will be better off next year

It’s been a difficult year for the economy, and the year ahead also is looking challenging. Treasurer Jim Chalmers, overseer of the government’s economic policy, joins us on the podcast to talk about the latest budget numbers, interest rates, changes to the Reserve Bank board, Australia’s debt, cost of living…

The Conversation

Treasurers accuse Albanese government of profiting at states’ expense

Daniel Mookhey blames federal government for NSW’s budget black hole, while Tim Pallas says it is the beneficiary of Victoria’s success

The Guardian - AU

Australia cricketer Khawaja wears a black armband after a ban on his 'all lives are equal' shoes

Australia batter Usman Khawaja has worn a black armband because he wasn’t allowed to wear shoes branded with a “all lives are equal” humanitarian message on Day 1 of the series-opening cricket test against Pakistan

The Independent UK

Australia cricketer Khawaja wears a black armband after a ban on his ''all lives are equal'' shoes

Usman Khawaja wore a black arm band to show solidarity with people suffering in Gaza, after the ICC prohibited him from wearing shoes with a humanitarian message.

The Hindu

Jim Chalmers’ lucky budget surplus is no comfort to workers whose pay is shrinking

It’s hard to get excited about Myefo figures when median earnings fell, stage-three tax cuts remain sacrosanct and there are no new measures to relieve cost-of-living pressures

The Guardian - AU

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AAP

More tax in government coffers hailed by treasurer

The mid-year fiscal update contained no extra cost of living relief, although the federal treasurer has not ruled out more help in his next budget.

The Conversation

There's a glimmer of hope in the mid-year budget update, but inflation is still a big challenge

The federal government knows people are doing it tough. Inflation and interest rate pressures have put the cost-of-living at the forefront of voters’ minds.

AAP

Clean energy superpower status remains work in progress

The federal budget update acknowledges more must be done to secure and wire up renewables, with clean energy "superpower" status remaining a work in progress.

The Guardian - AU

Federal budget improvement is good news for Jim Chalmers but households still face squeeze

While commodity prices are propping up revenue and a likely surplus, household consumption is flat and savings have fallen – and there’s an election coming

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The Conversation

Budget update forecasts deficit of $1.1 billion this financial year

The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning.

The Guardian - AU

Myefo 2023: Australia’s federal budget on track for wafer-thin $1.1bn deficit

Mid-year economic and fiscal outlook reveals $12.8bn improvement in budget bottom line due to strong labour market and commodity prices

The Guardian - AU

Morning Mail: Chalmers faces crucial choice, Cyclone Jasper to hit today, Cop28 into extra time

Budget update will show boost from commodity prices and immigration; rich countries accused of hypocrisy at climate summit

AAP

Stubbornly high inflation will eat into real wage gains

The federal budget is looking healthy thanks to a surprise revenue boost but inflation is proving persistent and is continuing to hurt household finances.

The Guardian - AU

Stronger than expected budget position to fuel calls for cost of living relief, economists say

Majority of additional revenue disclosed in midyear budget update likely to be banked to avoid further stoking inflation

The Guardian - AU

Shifting the needle on the housing crisis: will Chalmers’ plan to slug foreign home buyers be enough?

Treasurer has announced plans to triple fees foreigners pay when buying established homes and to double penalties for leaving a property vacant

AAP

Government debt now fastest-growing spending pressure

The federal government's debt bill is set to balloon as higher interest rates push up the cost of borrowing.

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