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The Latest Breaking News from Jim Chalmers

Finance Minister Katy Gallagher says it will be a tough year for hundreds of thousands of people coming off fixed mortgage rates and on to higher variable ones.

AAP

We need values-first capitalism: Chalmers

The federal treasurer has called for a new economic order that's more aligned with Australia's values and more resilient to back-to-back shocks.

AAP

Jim Chalmers says May budget to have ‘much bigger focus’ on tackling entrenched disadvantage

Treasurer says ‘best way to shift the needle’ is to ‘find out where those challenges are most acute’, and ‘this is something I care deeply about’

The Guardian - AU

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Jim Chalmers lays out agenda for pursuit of 'values-based capitalism'

Treasurer Jim Chalmers has laid out an economic blueprint for pursuing “values-based capitalism”, involving public-private co-investment and collaboration and the renovation of key economic institutions and markets.

The Conversation

Treasurer Jim Chalmers furious former PwC partner leaked confidential government briefings

Jim Chalmers says there was a breach of trust when a former partner at consulting firm PricewaterhouseCoopers leaked confidential government briefings to the firm's staff and partners.

ABC News

Afternoon Update: Inflation may have peaked at 7.8%; new PM in NZ; and South Australians eating endangered flake

Economists say the RBA will likely continue to hike rates in the short term despite inflation reaching peak

The Guardian - AU

Jim Chalmers ‘furious’ after former PwC tax adviser found to have shared confidential government briefings with staff

Treasurer vows to ‘throw the book’ at people responsible for breach after unauthorised disclosures of multinational tax consultations

The Guardian - AU

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Treasurer 'ropeable' about tax secret leak

Jim Chalmers has slammed a consultancy giant for breaching the government's trust by circulating confidential information.

AAP

Senator may go against party room on voice – as it happened

This blog is now closed

The Guardian - AU

Annual inflation hits 7.8 per cent

Official inflation figures show inflation hitting 7.8 per cent as cost-of-living pressures continue to weigh on household budgets.

AAP

Recession fears if interest rates hiked

Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.

AAP

Canberra to work closely with new NZ PM

Australia and New Zealand will continue to build on their relationship once new Kiwi prime minister Chris Hipkins is officially sworn in.

AAP

Treasurer hopes worst of inflation is over

Treasurer Jim Chalmers has flagged further cost-of-living relief for Australian households struggling to cope with soaring prices.

AAP

Australia is banking on China’s economy to take off but headwinds are looming

The Albanese government is wary of Chinese economic volatility amid a slumping property sector and shrinking population

The Guardian - AU

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AAP

Power price spike to be less than expected

Treasury forecasts indicate wholesale electricity prices won't rise as high as earlier predicted after the government imposed a gas price cap.

The Guardian - AU

Australians to save $230 on electricity bills next financial year as wholesale prices fall

Treasurer Jim Chalmers says the saving is a sign the government’s plan to cap prices is ‘starting to make a difference’.

AAP

Calls for JobSeeker rise in May budget

Pressure is growing on the government to lift income support payments for job seekers in the May budget as living costs soar.

AAP

Alarm grows over Aussie's death sentence

Sydney man Majid Kazemi has been sentenced to death after the Iranian regime accused him of being involved in the deaths of government militia members.

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AAP

Gas companies needed 'rules of the game'

The gas industry has defended decisions to pause new gas contract negotiations amid uncertainty about the federal government's energy price relief plan.

AAP

China a 'big story' for Australia's growth

Treasurer Jim Chalmers remains upbeat about Australia's resilience in the face of economic headwinds and some domestic challenges.

The Guardian - AU

Australia on track for 2023 migration boom as arrivals dwarf Treasury forecasts, ex-official says

Former immigration department deputy believes government has ‘significantly underestimated’ net migration

Reuters

Australia's natural disasters bill hits $3.5 billion in 2022, billions more to come

Floods and natural disasters that hit all but one Australian state and territory in 2022 cost the economy A$5 billion ($3.48 billion) and stoked inflation according to Treasury estimates which forecast billions more spending in 2023.

AAP

Treasurer defends PM meeting with tycoon

Prime Minister Anthony Albanese's meeting with transport industry leader Lindsay Fox was entirely appropriate, Treasurer Jim Chalmers says.

ABC News

East coast flooding saw majority of Australians covered by natural disaster declaration in 2022

New data shows the majority of Australians lived in a local government area that was affected by serious natural disasters in 2022, mostly as a result of widespread flooding across the east coast.

AAP

Floods to wreak further havoc on economy

Natural disasters caused billions in damage to the Australian economy in 2022 and the bill is expected to rise from further floods.

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