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The Latest Breaking News from Jim Chalmers

Albanese government's first budget delivers election promises but forecasts soaring power prices

Treasurer Jim Chalmers has brought down a no-surprises budget that delivers Labor’s election promises but warns Australians “hard decisions” are needed for the “hard days to come”.

The Conversation

'Aspirational' target of 1 million affordable rental homes unveiled in federal budget. Here's what the plan looks like

Australians are facing an incredibly difficult rental market, and this year's budget has an "aspirational" target of 1 million new homes — but there's a lot to unpack. Here's your quick guide to the plan.

ABC News

Australians in for tough financial times as federal budget forecasts declining real wages and high living costs

Australians are facing a bleak couple of years, with Treasury forecasting dual woes of sustained high living costs and declining real wages. The budget bottom line has improved but Treasurer Jim Chalmers is warning of tough decisions in coming months.

ABC News

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Training central to Labor jobs, wages plan

The Albanese government will fund almost half a million fee-free TAFE places and 20,000 new university spots as part of its plan to boost jobs and wages.

AAP

Two years to go before wages rise

The gloomy state of the economy will weigh on household budgets with a boost to real wages not expected until at least mid-2025.

AAP

2022 budget: Jim Chalmers delivers national housing agreement to build 1m homes

‘Historic’ accord includes state and federal funding commitments for 20,000 new affordable dwellings

The Guardian - AU

Federal budget to include plan to build 1 million homes by end of the decade, as Labor seeks to mitigate housing crisis

In his first budget, Treasurer Jim Chalmers will outline the government's plan to increase housing supply over five years from 2024.

ABC News

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$350m to kickstart housing affordability

Australians priced out of the rental market are set to benefit from a $350 million affordable housing scheme included in the federal budget.

AAP

Budget 2022: Chalmers promises five-point plan for cost of living relief — as it happened

Labor has delivered the second federal budget of the year, announcing a plan for cost of living, wages and housing.

ABC News

Australia to reveal economic plan for deteriorating outlook

Australia’s new government will propose an economic plan to steer the nation through rising inflation and interest rates while reigning in debt

The Independent UK

Australia hails UK's 'first PM of colour'

Australia has welcomed Rishi Sunak's elevation to leader of the UK's Conservative Party, placing him on course to become Britain's next prime minister.

AAP

Budget goal to build one million new homes

One million new homes will be built as part Labor's plan to bring together different sectors to boost investment in affordable housing.

The New Daily

Jim Chalmers says the Coalition is responsible for $1 trillion of debt in the federal budget. Is that correct?

Treasurer Jim Chalmers says the budget is "heaving with a trillion dollars in Liberal Party debt". Is that correct? RMIT ABC Fact Check investigates.

ABC News

All eyes on Canberra as first Chalmers budget sets the stage for federal Labor

What will Dr Jim prescribe us tonight?

Newcastle Herald

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The Guardian - AU

Labor hints at more controls on energy sector – as it happened

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The Guardian - AU

Morning mail: Rishi Sunak new UK PM, budget to show boost to bottom line, Medibank hack details revealed

Tuesday: Sunak will be Britain’s next leader after no other candidate won enough support from fellow MPs. Plus: how to keep a friend spoiler-free – by lying

The New Daily

Paul Bongiorno: A budget to reset the big arguments

The Albanese government tells us it has taken to heart the admonition that those who fail to learn from history are doomed to repeat it.

ABC News

Here's what we know about the Albanese government's budget

Treasurer Jim Chalmers has spent the last few months lowering voters' expectations about this budget, saying it can't be a spend-athon.

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AAP

Chalmers braces for budget belt tightening

Treasurer Jim Chalmers has unveiled a budget that includes cost of living relief and down payments on election promises, but warns of hard decisions to come.

AAP

Budget and workplace laws centre stage

Treasurer Jim Chalmers will deliver his first budget this week, while proposed workplace relations and data breach laws will also be introduced to parliament.

ABC News

Treasurer Jim Chalmers expected to reveal a $40 billion improvement to the federal budget bottom line

Treasurer Jim Chalmers says his first budget will show a multi-billion-dollar improvement on forecasts from the previous government's budget.

The Conversation

Budget deficit this financial year to be $36.9 billion

Treasurer Jim Chalmers has said the budget bottom line will be more than $40 billion better over the four-year forward estimates in total than previously forecast.

The New Daily

Treasurer to deliver a $42 billion dent to budget deficit

Treasurer Jim Chalmers will deliver on election commitments but emphasise spending restraint and preserving an improved fiscal position.

The Guardian - AU

Budget deficit to halve this financial year but spending pressures mean boost will be short-lived

Jim Chalmers’ first budget to reveal $42bn improvement to bottom line across forward estimates but conditions will deteriorate after two years

The Guardian - AU

Australian budget 2022 preview: what we know so far

Treasurer Jim Chalmers is promising a ‘solid, simple and sensible’ federal budget for the times. Here’s a summary of what has already been flagged on spending, savings and tax

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