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The Latest Breaking News from Jim Chalmers

Budget tipped to go back in black with $4 billion surplus, as debts reduced

The federal budget is predicted to dip into the black which, if it eventuates, will be the first time a surplus is recorded in 15 years.

The New Daily

First surplus in 15 years expected as Albanese government delivers second budget

If the federal government's forecast is realised, Jim Chalmers would be the first treasurer to deliver a surplus since Peter Costello.

ABC News

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

The Guardian - AU

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‘Disingenuous’: Inflationary trade-off in Jim Chalmers’ budget

Jim Chalmers claims his cost-of-living package won't worsen inflation, but experts take a different view, saying it will.

The New Daily

Anthony Albanese reassures Labor faithful on budget eve

The budget will include $14.6 billion in cost-of-living policy measures, targeted, Mr Albanese said, “for those who need it most”.

The New Daily

What Australia's new gas tax will mean for new projects, the economy and the climate

Treasurer Jim Chalmers has announced higher taxes on gas industry profits, which he says will give Australians a “fairer return” on their natural resources.

The Conversation

Labor’s changes to gas tax will deliver little if any extra revenue, analysts say

Greens label move as ‘less than the bare minimum’ while Monique Ryan says Australia remains a ‘global laggard’ on taxing industry

The Guardian - AU

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Is it possible to ease cost of living without adding to inflation, as Chalmers claims?

Crikey asked economics experts if that’s actually possible.

Crikey

Australian govt pledges $10 billion in budget to ease cost of living

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.

Reuters

Federal budget tax windfall mostly pocketed to wipe out deficit, Treasurer says

Federal Treasurer Jim Chalmers says he has let most of the money from higher commodity prices and low unemployment "flow through" to the bottom line ahead of unveiling tomorrow's budget.

ABC News

Fears relief could add to inflationary pressures – as it happened

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The Guardian - AU

$Jim Chalmers says the Coalition racked up all but a 'tiny fraction' of $1 trillion in debt left to Labor. Is that correct?$

Jim Chalmers says the Coalition racked up all but a 'tiny fraction' of $1 trillion in debt left to Labor. Is that correct?

Treasurer Jim Chalmers says that Labor inherited a trillion dollars of "Liberal debt" when it came to office, and that Labor's share of that, left to the previous Coalition government was "a tiny fraction". RMIT ABC Fact Check runs the numbers.

ABC News

Morning Mail: budget’s $14.6bn cost-of-living relief, tributes to Zonfrillo, second Texas tragedy

Treasurer hints at additional measures for renters while others tipping a broad rise in the jobseeker payment

The Guardian - AU

Electricity bill relief receives mixed reviews as federal government reveals $14.6b cost of living package

The $14.6 billion package over the forward estimates includes $1.5 billion in electricity bill relief for more than 5 million households and a further 1 million small businesses.

ABC News

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The Guardian - AU

Federal budget 2023: what we know so far about treasurer Jim Chalmers’ budget

From welfare to health, childcare and housing, Guardian Australia examines what has been revealed about the Albanese government’s budget

The Conversation

View from The Hill: Budget 'centrepiece' will be $14.6 billion cost-of-living package

A $14.6 billion four-year cost-of-living package will be the centrepiece of Labor’s second budget, which seeks to balance spending restraint with its election commitment to not leave people behind.

The Guardian - AU

Budget to contain $14.6bn in cost-of-living relief amid hopes of broader jobseeker rise

Treasurer Jim Chalmers says support won’t be limited by age, as reports suggest a small jump in jobseeker base rate

The New Daily

Budget 2023-24: What we know so far, before Treasurer Jim Chalmers’ speech

Treasurer Jim Chalmer’s second federal budget will be unveiled on Tuesday, with cost of living relief at the top of the agenda.

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The New Daily

Relief on the way from soaring power bills

Millions of people are in line for energy bill relief in the budget as the government promises hundreds of dollars in savings

The Guardian - AU

Chalmers confirms millions to receive up to $500 in energy rebates in Tuesday budget

Amount received will depend on location, treasurer says, but no comment on calls to increase jobseeker base rate

The Guardian - AU

Tasmania pushing to fast-track new AFL stadium; Chalmers slip hints at budget surplus – as it happened

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The New Daily

Producers welcome Treasurer’s budget tweak to petroleum resource rent tax

An overhaul of the petroleum resource rent tax will help get Australia's finances back on track, Treasurer Jim Chalmers says.

ABC News

Millions to receive up to $500 in energy bill relief at federal budget, as Treasurer flags broader cost of living support

In this week's federal budget, up to $500 in assistance will go to millions of households to help pay energy bills as part of a wide-ranging cost of living package.

The Guardian - AU

Federal budget: Labor to collect billions more in petroleum resource rent tax

Treasurer Jim Chalmers and finance minister Katy Gallagher announce changes ahead of budget tipped to be at or near surplus

ABC News

Extra billions flowing into budget but real wages not tipped to grow for another year

Workers will have to wait another year before their wages outstrip the rising cost of living, according to Treasury forecasts to be released next week.

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