The Latest Breaking News from Jim Chalmers

Treasurer Jim Chalmers last night delivered a budget he declared was “solid, sensible and suitable to the times”. But what does a sensible budget look like in a world that is fast running out of time on climate change?

On budget night in 2014, the Abbott government cut nearly $8 billion from Australia’s international development program, the largest-ever aid cuts. Programs in South-East Asia were cut by 30%. For a government obsessed with surplus, it was seen as a sort of political victimless crime. Yes, it would hurt foreigners,…

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Wednesday: Treasurer Jim Chalmers warned power prices will rise next year and flagged the need for tax reform. Plus: ‘world’s dirtiest man’ dies

Tens of thousands of students will miss out on university fee discounts worth $36 million a year as Labor slashes some budget spending.

The last time a new government brought down its first budget, in 2014, it was a disaster for all concerned.

The government warns of tough times ahead for families after delivering its first budget, with Treasurer Jim Chalmers saying inflation "will get worse before it gets better."

Labor's first budget in almost a decade has been handed down — here's what you need to know about what's in it for you.

Jim Chalmers has begun the task of budget repair, even as households face power price spikes and lower real wages due to rising inflation.