News Articles for Jim Chalmers

Scott Morrison has defended a federal budget scheme to give bosses weekly cash payments to employ people aged under 35.

The federal finance minister has questioned the wisdom of Western Australia handing down a budget surplus in the middle of a global economic downturn.

The coronavirus pandemic and deepest recession since the 1930s has turned a forecast $5 billion federal budget surplus into an $85.3 billion deficit.

Welfare recipients will begin getting less money each fortnight as the JobSeeker coronavirus boost winds down.

Business groups believe proposed changes to insolvency laws will be a lifeline for thousands of small businesses struggling through the COVID-19 pandemic.

Josh Frydenberg has put forward a two-stage plan to lift the economy out of recession and then repair the budget.

Australia's energy minister is keeping coy on how much the nation's emissions will reduce by through his new technology plan.

Thousands of millionaires have been claiming the dole throughout the coronavirus pandemic but are set to be kicked off later this week when the asset test returns.

Treasurer Josh Frydenberg has promised the Morrison government will continue to do what is necessary to cushion the economy from the blow of the coronavirus pandemic.

Treasurer Josh Frydenberg promises his delayed October 6 budget will be about getting people back into work.

Wage subsidies will soon be extended after the underpinning legislation was brought to federal parliament.

Australia will suffer a $184.5 billion deficit as the coronavirus drives a wrecking ball through the economy.

A $2 billion push to train school leavers and job seekers during the coronavirus pandemic will put the onus on businesses to hire staff.

Scott Morrison has confirmed there will be a further phase of income support once coronavirus welfare programs expire in September.

The federal government has borrowed nearly $60 billion since December, while 25,000 Western Australians will head back to work as stage one restrictions are lifted, according to Treasurer Josh Frydenberg, who has been tested for COVID-19 after a coughing fit in parliament.

Prime Minister Scott Morrison told business leaders today that its stimulus package to address the impact of coronavirus would be proportionate, targeted, scalable and temporary.

Scott Morrison has described the coronavirus outbreak as a global health crisis, warning the economic impacts will stretch far beyond Australia's tourism and education sectors.

New figures suggest the Australian economy is still crawling along at a growth rate below two per cent, but Reserve Bank governor Philip Lowe has made it clear that negative interest rates are "extraordinarily unlikely" in response.