News Articles for Jim Chalmers

Treasurer Jim Chalmers has warned the upcoming federal budget will come at a time of some of the lowest global growth in decades.

The national unemployment rate has stayed put at 3.5 per cent while Western Australia recorded a modest uptick in the number of people in work.

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

When it comes to multi-billion-dollar defence programs, parochial interests shouldn't get in the way of the national interest.

The federal government will advocate for a wage lift that stops low-paid workers going backwards as business groups worry about higher wage bills.

Treasurer Jim Chalmers has set the parameters for his 2022-23 budget, laying out eight key priorities that must be addressed in the near and longer term.

The Reserve Bank could be facing legislative changes under a review, due to be handed to Treasurer Jim Chalmers on Friday.

The treasurer might be onto something with his belief in values-based capitalism.

A review into Australia's woeful productivity performance is expected to contain 71 reform recommendations to lift pay packets and boost national prosperity.

Women have missed out on more than $2.8 billion in super in the 12 years since Australia's paid parental leave scheme was introduced, industry fund Hesta says.

Treasurer Jim Chalmers has blocked a Chinese investment fund from increasing its stake in a rare earth company on national security grounds.

Superannuation balances of more than $3 million will be subject to a higher rate of tax from FY26, with about 80,000 Australians to be affected by the change.

It is a classic political alphabet soup, but when the IRA is mixed with the CRMA it should be good news for WA.

Jim Chalmers says he won't "pretend away" pressures on the federal budget which includes superannuation tax concessions.

As criticism of the government's energy market intervention settles, Madeleine King is focused on pushing Australian resources to the fore of the global energy transition.

Jim Chalmers will push to legislate a common objective for superannuation funds to stop early withdrawals and limit the use of super to accumulate wealth.

Cabinet minister Bill Shorten has defended Philip Lowe's decision to give a private briefing to bankers about interest rate rises.

Treasurer Jim Chalmers says while the recent interest rate hike would slow the economy, forecasts show Australia would not go into a recession.

As the Reserve Bank board prepares to announce an expected 25 basis point rise in the cash rate, figures show Australian trade surplus slipping.

Businesses burned by China's trade bans are finding market appeal elsewhere.

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

More women are taking top roles at Australia's economic and financial institutions but they are still under-represented in leadership.

The consumer watchdog will investigate gas producers who don't supply their product domestically as Labor's new price cap gets off to a rocky start.

The Labor government expects wages will keep growing strongly as inflation moderates, ultimately leading to real wage growth by 2024.

Jobs growth in the first six months of the Albanese government has been strong and managed to outpace performance in several advanced nations.

Australia's rich critical mineral and clean energy resources could be harnessed to drive economic prosperity as seen in the mid-2010s mining boom.

The treasurer has met with his counterparts from the US, UK, Canada and New Zealand to discuss the challenges facing their economies.

An accountancy firm has found seven out of 10 aged care centres ran at a loss over three months in 2022, as the federal government admits the sector is a mess.

Treasurer Jim Chalmers says the government is closely monitoring the situation in China, where a wave of COVID-19 infections is sweeping through the country.

An energy relief package for households and businesses that caps the price of gas has passed parliament.

Energy markets are responding pre-emptively to the federal government's price cap proposal, demonstrating it's already having a dampening effect on prices.

The treasurer says Australia could miss out if it doesn't act fast to improve the conditions for environmentally-conscious investors.

The cash rate has hit its highest level since December 2012, with a $500,000 home loan now costing $880 more per month than before the hikes started in May.

The treasurer says foreign investment and bolstering local manufacturing will be central to a refreshed critical minerals strategy.

Senators have received an open letter from Australia's chambers of commerce, calling on them to vote down workplace relations reform if the Bill is not split.

Mark McGowan has called on east coast energy providers to wear some pain amid an expected surge in energy prices over the next two years.

The lithium sector has a major role to play in broadening the appeal of Western Australia's resources offerings, a recent RSM forum has heard.

Senior editor Mark Beyer discusses shifts atop Data & Insights' ranking of environmental services firms and offers highlights from his recent conversation with Ecocene.

Jim Chalmers has acknowledged the business community may not end up in agreement with the government on its industrial relations reforms.

Andrew Hastie has conceded nine years of leadership tussles affected the previous government's defence acquisitions, calling the decision to buy French submarines a mistake.