News Articles for Jim Chalmers

Michael Chaney has led a chorus of criticism of the federal government's proposed workplace laws, after plans for multi-employer bargaining and other changes were detailed this morning.

Gary Adshead and Matt Mckenzie react to Jim Chalmers' first budget as treasurer and today's inflation numbers

Australians are facing a tough couple of years after the Albanese government's first budget warned power bills will rise and real wages will fall.

Federal government interest payments against climbing debt levels will increase from $18.1 billion this financial year, to $31.7 billion by 2025/26.

The federal government will stump up $350 million under a new housing accord to build 1 million new homes before 2030 as well as incentivising older Australians to downsize and free up supply.

The federal government is still mulling a plan to ease energy pain with a 50 per cent rise in power prices projected over two years, but has confirmed $20 billion to rewire the nation's electricity grid.

Federal treasurer Jim Chalmers announced this year's budget includes billions of dollars to subsidise childcare fees and more than $500 million to expand paid parental leave.

Treasurer Jim Chalmers has opted to modestly grow spending in his first budget, as surging tax revenue helps cut the federal government's deficit.

ANALYSIS: With tonight's budget including cursory steps towards measuring national wellbeing, Jim Chalmers has signaled a desire to change how Australians talk about government spending.

Treasurer Jim Chalmers will unveil a plan in Tuesday night's budget to build 1 million new homes by bringing together governments and other partners.

The weakening Australian dollar will make imports more expensive but the RBA says its effects will be relatively minor.

Health Minister Mark Butler has ordered his department to examine claims the Medicare system was being rorted by billions of dollars each year.

The federal treasurer is hoping Australia can avoid a recession due to its strong economic fundamentals.

Inflation remains public enemy number one as the treasurer expects the US central bank to keep hiking rates aggressively in response to a higher-than-expected inflation print.

Defence Minister Richard Marles has promised more oversight after identifying billions of dollars in budget blowouts and major delays in military projects.

The opposition says the government is trying to till the soil for changes to the stage three tax cuts.

Mark Beyer and Matt Mckenzie talk about market volatility, inflation, rising revenue in budgets, Fremantle Ports, NAIF and the next edition of our magazine.

Hopes of a smaller interest rate rise may have been premature with most experts forecasting another 50 basis point hike.

The shadow treasurer says higher taxes will hinder business innovation and put a handbrake on the economy.

The permanent migration cap will be lifted this financial year to help relieve labour shortages across the country.

The prime minister says increasing the benefit to 26 weeks is worth considering - but budget constraints mean it won't happen immediately.

National cabinet has agreed to reduce the mandatory isolation period for positive COVID-19 cases from seven to five days.

Prime Minister Anthony Albanese will host national cabinet with his state and territory counterparts to discuss shortening COVID-19 isolation time.

Wesfarmers boss Rob Scott and FMG founder Andrew Forrest are likely to be the only Perth-based business leaders at next week's jobs summit in Canberra, with Meg O'Neill a conspicuous absentee.

The Reserve Bank board is expected to lift the cash rate for the fourth month in a row when it meets on Tuesday, with economists tipping a 50 basis point rise.

As federal parliament wraps up its first sitting week since the May election, the opposition leader sees little change in approach under Labor.

Inflation is expected to peak at 7.75 per cent at the end of this year, before moderating into 2023, Federal Treasurer Jim Chalmers says.

Mark Barnaba's term as an RBA board member has been extended by one year as a review of Australia's central bank raises the possibility of a major governance shakeup.

Bad press amid a cryptocurrency downturn has done little to shake the faith of local observers.

While the inflation challenge is expected to get worse before it gets better, Treasurer Jim Chalmers says the government is awake to the pressure on pensioners.

Treasurer Jim Chalmers says a boost to migration is not the only solution to fixing skills shortages across the country.

ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent.

As the Reserve Bank hikes the cash rate for the third month in a row, rents are higher across city and regional areas.

Jim Chalmers has defended the government's frank rhetoric on inflation as the RBA has telegraphed more cash rate rises are on the cards to curb runaway price hikes.

Australia's benchmark interest rate is now at a three-year high following the RBA's decision to lift the cash rate target for the third time in as many months.

The Reserve Bank of Australia board is expected to lift the official cash rate to 1.35 per cent when it meets on Tuesday.

Reforming childcare and higher education policy shape as top priorities for Labor in its first term in government.

CLIMATE change, an Indigenous Voice to Parliament and preserving superannuation may have come in ahead of universal childcare in Anthony Albanese's victory speech, but the issue will no doubt be a metric by which his government is judged during the next three years.

The Reserve Bank of Australia has lifted the cash rate by 50 basis points, the largest single increase in more than 20 years.

Confidence has dropped to its lowest level since mid-August 2020 as cost of living pressures mount, not helped by an expected further rise in interest rates.