The Latest Breaking News from Jim Chalmers

Treasurer Jim Chalmers has described the income tax cuts in this week’s federal budget as a “top-up”. They will amount to roughly one cup of coffee a week for every taxpayer in the first year.

Treasurer springs surprise with tax cuts and puts opposition on the defensive; Russia and Ukraine will ‘eliminate the use of force’ in area

More than 3 million employees earning less than $175,000 a year to benefit from policy, which will make it easier for low-paid workers to switch jobs

Tax cuts are the centrepiece of the Albanese government’s cost-of-living budget bid for re-election in May. The surprise tax measures mean taxpayers will receive an extra tax cut of up to A$268 from July 1 next year and up to $536 every year from July 1 2027.

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

Today’s budget is a cautious and responsible response to the cost-of-living pressures facing voters.

All taxpayers will get two rounds of cuts but only starting from July 2026, as Treasurer Jim Chalmers makes the case for a second Labor term.

Treasurer claims credit for improved fiscal position as he prepares to hand down budget; more than 1,000 arrests amid Istanbul demonstrations

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