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The Latest Breaking News from Jim Chalmers

Coalition costings reveal larger deficit over coming two years with cuts to foreign aid and environment programs

Long-awaited costings of more than 200 policies show Coalition would gut long list of environment and clean energy programs if returned to power

The Guardian - AU

Economists slam major parties over timing of costings

The coalition has been criticised for releasing its costings just two days out from polling but Labor did the same during the 2022 election when in opposition.

AAP

Inflation is easing, boosting the case for another interest rate cut in May

Australia’s headline inflation rate held steady at a four-year low of 2.4% in the March quarter, according to official data, adding to the case for a cut in interest rates at the next Reserve Bank board meeting in May.

The Conversation

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Rate cut likely as underlying inflation falls within RBA target range

Headline inflation – which includes the impact of government cost-of-living policies such as rebates – held steady at 2.4% in the year to March

The Guardian - AU

Labor defends plan to save $6.4bn by cutting more consultants as experts call it a ‘lazy option’

While the government’s savings are a ‘worthy target’, achieving them ‘may not be a straightforward process’, some say

The Guardian - AU

Labor releases election promise costings including saving of $6.4bn from cutting more consultants

A re-elected Labor government would also claw back $760m by increasing the cost of student visa applications

The Guardian - AU

Election Diary: Labor to slash more consultant costs and increase visa charges to pay for fresh election commitments

The government has dug out last-minute savings of more than A$7 billion, to ensure its election commitments are more than offset in every year of the forward estimates.

The Conversation

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Big and small spending included in Labor costings, but off-budget items yet to be revealed

The federal budget will be stronger than suggested in last month’s budget, according to Treasurer Jim Chalmers who released Labor’s costings on Monday.

The Conversation

Afternoon Update Election 2025: Labor’s policy costings; marginal seat blitz; and another Coalition auto bungle

Jim Chalmers labelled Peter Dutton the ‘biggest risk’ to Australia’s AAA credit rating and household budgets

The Guardian - AU

Students and hire staff pay for Labor election pledges

Labor reveals how it would balance the federal budget with its election promises as a global agency warns government spending could trigger a credit downgrade.

AAP

Businesses decry glaring omission from election debate

Small businesses say conditions are the toughest they've ever been and election promises will do little to help, with action on insurance costs notably absent.

AAP

Trump uncertainty set to smash Australian economy

Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.

AAP

Coalition unpacks tax hike plan to fund defence splurge

Peter Dutton has promised a coalition government would raise defence spending and rely on higher income taxes to partially fund the pledge.

AAP

'Part of me': PM reflects on faith after Pope's death

Anthony Albanese has paid tribute to Pope Francis for his humility and embrace of social justice following the pontiff's death.

AAP

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AAP

Senator targeted in deepfake kiss clip with Alan Jones

Deepfakes have made their unwanted presence known in the election campaign with a viral image of a coalition senator and a retired shock jock.

The Conversation

Grattan on Friday: Peter Dutton’s tax indexation ‘aspiration’ has merit – so why didn’t we hear about it before?

Peter Dutton, now seriously on the back foot, has made an extraordinarily big “aspirational” commitment at the back end of this campaign.

AAP

Doin' it for the kids: PM's pride in childcare legacy

The prime minister touted the government's childcare reforms as he targeted a marginal Liberal-held seat in Brisbane's east.

The Guardian - AU

Bridget McKenzie admits she was wrong to claim Russia and China want Albanese to win election

Coalition frontbencher’s comments come after PM accuses Dutton of ‘verballing’ Indonesia’s president over Russian military encroachment

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The Guardian - AU

Labor receives assurances from Indonesian defence minister – as it happened

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The Guardian - AU

David Pocock says major parties lack the ‘courage’ to tackle housing crisis – as it happened

This blog is now closed

The Guardian - AU

Ten things we learned from Peter Dutton’s speech at the Liberal party campaign launch

In a marathon 50-minute on stage the opposition leader promised to stop the boats (again), foreshadowed a ‘significant’ defence investment and took a jab at Jim Chalmers. Here’s what you may have missed

AAP

Australia, Indonesia strengthen ties amid tariff hikes

Global trade concerns are a key topic of conversation between Australia and Indonesia as US trade tariffs wreak uncertainty among governments and markets.

The Guardian - AU

The great Australian election campaign quiz – week two

Ruthlessly testing how closely you were paying attention. Yes, even during the leaders’ debate

The Conversation

Grattan on Friday: Will there be leadership changes on both sides of politics next parliamentary term?

When Jim Chalmers and Angus Taylor met for this week’s treasurers’ debate, the moderator observed that in three or six years they might be facing each other as prime minister and opposition leader.

AAP

Bank boss alert, not alarmed over Trump tariff fallout

As rate-cut bets see-saw, the Reserve Bank governor says Australia is well placed for overseas shocks in her first speech since Donald Trump's tariff thump.

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