The Latest Breaking News from Jim Chalmers

Treasurer Jim Chalmers says Australia is slipping down global productivity rankings - and there's no easy fix for the problem.

In drawing up his plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon a really good idea.

Western Australia will be home to Australia's nuclear powered submarines from the early 2030s, as part of an $8 billion expansion of Perth's naval base.

The distribution of GST among states is an "affront to decency" and must be rectified by the federal government, Victorian Treasurer Tim Pallas says.

The construction of new nuclear-powered submarines in Australia and associated naval base expansions will boost local businesses and jobs for decades.

Based in California and with about $US200 billion in assets, Silicon Valley Bank (SVB) was the 16th-largest in America, making it the biggest bank failure since the global financial crisis of 2008. The implications for financial markets and the global economy are big.

Before the next election, Treasurer Jim Chalmers must find a way to credibly restore a balanced budget. This means new and higher taxes.

Peter Dutton’s claim that “the government’s super tax is an attack on aspirational Australians ...” would be sad if it wasn’t laughable.

The Coalition sought to embarrass Stephen Jones as it tried to construct a broader narrative about broken promises

Treasurer Jim Chalmers sparked a political row when he announced a tax hike on superannuation concessions for accounts with balances over $3 million, from 15% to 30%, to begin in 2025. Polling indicates the move has broad support from the public, although any change to super is always controversial. Opposition…

Opposition Leader Peter Dutton has called on the government to exercise spending restraint rather than lift taxes to help the central bank control inflation.