The Latest Breaking News from Jim Chalmers

The shadow treasurer rejected the concept of the structural deficit at the heart of the budget and said the economy could be grown faster.

Treasurer Jim Chalmers unveiled the government’s plan to accelerate the construction of new housing across the country.

“Restraint” – that’s what Treasurer Jim Chalmers claimed as the watchword of Tuesday’s federal budget. Perhaps the claim can be made in general, but when it comes to transport infrastructure, the budget is remarkable not for how different it is to budgets past, but how similar. It has left plenty…

The first Labor federal budget has come down, but the arts are almost nowhere to be seen.

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,…

The annual inflation rate has risen to 7.3 per cent as surging gas prices add pressure to household budgets

Newcastle Airport says it is "thrilled" to have funding for its new terminal building confirmed in Tuesday's federal budget, and the Hunter's peak business group has welcomed commitments to other large infrastructure projects.

The government has announced a plan to buy back water from irrigators for the first time in a decade, setting up a showdown between stakeholders in the Murray-Darling Basin.