The Latest Breaking News from Jim Chalmers

Deputy Liberal leader Sussan Ley attacked new teal MPs for opposing the stage-three tax cuts for high-income earners.

Senior ministers this week have dramatically raised the stakes in the Albanese government’s face-off with gas producers, amid escalating energy prices and dire warnings of worse to come. The question now is: how does the government follow through with effective action to match the rhetoric?

The upcoming budget is expected to be an exercise in trimming waste and tightening spending across portfolios as taxpayers can expect modest savings.

Federal treasurer Jim Chalmers to attend meeting of Coalition of Finance Ministers for Climate Action in Washington this week

Revenue boost will aid budget repair as ‘storm clouds’ loom over economy, Deloitte predicts

The federal government's budget is awash with $114 billion in new revenue, but Australians won't see much in terms of cost-of-living relief.

High and rising power prices will become a bigger part of Australia’s inflation problem over time, Treasurer Jim Chalmers has warned, as he foreshadowed more government action to combat high gas prices.

Jim Chalmers says spiralling energy costs the most ‘problematic aspect of our inflation problem’ through to mid-2023

Treasurer Jim Chalmers is heading to Washington to take the temperature of the global economy before handing down his first budget.