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The Latest Breaking News from Jim Chalmers

Federal budget to include new funding for stage 2B of light rail

Government also questioned on future of Canberra stadium.

The Canberra Times

'Under the pump': expenses help for battling families

Cost-of-living support will be a key focus in the Albanese government's third federal budget, which will be handed down next week.

AAP

Tax revenue surge as treasurer tempers expectations

Labor won't receive as much tax revenue compared with previous years, but a surplus still remains within reach for the federal budget.

AAP

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‘Placement poverty’ to be tackled in Labor budget with new payments for student teachers and nurses

Midwives and social workers will also be given a $320 weekly payment for undertaking mandatory work placements at university

The Guardian - AU

Global body warns Australia on interest rates, NDIS

Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.

AAP

Australia And India Bilateral Relationship Strengthened In Recent Years

Australia and India are enhancing economic and military ties amidst espionage concerns, reflecting evolving geopolitical dynamics in the Indo-Pacific region.

Top News

Australia expelled two Indian intelligence operatives in 2020 as part of ‘nest of spies’, reports claim

Asio director general Mike Burgess had referred to expulsion of foreign operatives in 2021 speech but did not name country behind threat

The Guardian - AU

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Labor to fast-track foreign investment to help fund future industrial policy

Treasurer Jim Chalmers will set a target of 30 days to clear cases as he seeks money for build-to-rent and energy transition

The Guardian - AU

Spending habits under a microscope ahead of budget

Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.

AAP

Treasurer faces 'hard truths' in global industrial race

The federal budget provides the "perfect lever to pull" for Australia to win back jobs and investment in the global race to secure clean energy supply chains.

AAP

Community alliance slams 'harm' from employment service

Community organisations, unions and First Nations groups have demanded the government meet its commitments to support the unemployed and disadvantaged.

AAP

Calls to cap student debt indexation after latest rise

University student debt will rise by 4.7 per cent from June, sparking calls for indexation to be capped.

AAP

Borrowers warned not to count on 2024 rates relief

Hotter-than-expected inflation data has likely pushed back the start date for interest rate cuts, a move that will keep pressure on mortgage holder budgets.

AAP

Financial help for uni students on placement floated

Struggling university students undertaking unpaid placements may receive financial help in the budget, as the union warns of worsening workforce shortages.

AAP

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AAP

More cost of living relief on cards in federal budget

Ahead of the May federal budget, Treasurer Jim Chalmers has flagged more cost of living relief that will need to take pressure off inflation, not add to it.

AAP

Global tensions, China slowdown casts budget shadow

The threat of escalating conflict in the Middle East has cast further uncertainty over Australia's pre-budget economic outlook, the treasurer has warned.

AAP

Tariff relief boost for Ukraine as Australia lifts aid

Australia will extend relief off Ukrainian manufactured goods to help the country's economy as it fights off Russia's invasion.

AAP

Government told to 'hold its nerve' on clean tech push

Clean energy groups want the federal government to stay the course on its industrial policy aimed at seizing a once-in-a-century decarbonisation opportunity.

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AAP

Jobs market holds ground despite rise in unemployment

The official jobs data was more subdued in March as widely expected following a surprisingly strong February result.

The Guardian - AU

Australia rises to second in world budget management rankings, IMF data shows

Treasurer and finance minister hail ‘remarkable achievement’ as monitor finds balance to be behind only Canada among G20 countries

AAP

Critical minerals loan will help export sector grow: PM

Anthony Albanese says a $400 million loan to the critical minerals sector will help expand exports into nearby southeast Asia.

AAP

Budget clouded by global wars and weak economic growth

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

AAP

Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

AAP

Manufacturing push is no 'free-for-all': treasurer

A plan to promote local manufacturing in a net-zero economy will incentivise private investment, not replace it with government funds, the treasurer says.

The Guardian - AU

Labor’s interventionist industry policy aims big. But how can Australia compete with the US and China?

The Albanese government has shed little light on how billions of dollars will be divvied up. The treasurer’s ‘favourite economist’ might provide some clues

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