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The Latest Breaking News from Jim Chalmers

Australian budget 2022 preview: what we know so far

Treasurer Jim Chalmers is promising a ‘solid, simple and sensible’ federal budget for the times. Here’s a summary of what has already been flagged on spending, savings and tax

The Guardian - AU

What do you want to know about the federal budget and how it affects you? Ask a question or share your story

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ABC News

Why are we having a fourth budget in two years?

Budgets are typically handed down once a year in May but the last few years have seen the budget timetable thrown out the window and the financial plans delivered at all different times of the year. Here's why.

ABC News

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The core message of the ‘budget’: households are being smashed

Will Australian households ever get back to real wages levels they ‘enjoyed’ last year? It’s not clear that will even happen this decade.

Crikey

Can a new treasurer bring fresh tricks to some very old problems?

With a second federal budget on the way, Treasurer Jim Chalmers has a chance to introduce some novel economic fixes.

Crikey

PM says ‘family-friendly’ budget will tackle cost of living pressure – as it happened

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The Guardian - AU

On the home stretch

House prices in Australia will have fallen by up to 20% by the end of 2024, and NSW Transport Minister David Elliott’s spear-throwing days are over: he’ll leave politics at the March election.

Crikey

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Imagine if each of us could direct where our taxes were spent. Meet TaxTrack

Ahead of this week’s budget, Treasurer Jim Chalmers says he wants Australians to prepare for a serious conversation about how to pay for the services we need.

The Conversation

Alan Kohler: Deficits and debt are about politics, not economics

Chalmers' budget has no surpluses, only deficit and debt. His “big national conversation” needs to be about why that’s OK.

The New Daily

Petrol price spike looms for motorists

Some retailers are already charging more than $2 a litre as cities move into the first new fuel cycle since petrol tax relief expired.

AAP

Labor’s ‘rorts and waste’ audit to deliver $10bn in savings to federal budget

Government will also shuffle funds and axe Coalition projects to free up $11bn for their own policy priorities

The Guardian - AU

Australia's growth downgraded and inflation drives massive rise in cost of pensions and payments in budget

Tuesday’s budget will point to a slowing Australian economy, with growth forecasts cut, and contain more than $21 billion of savings and decisions to redirect spending.

The Conversation

Budget to reveal $20 billion in savings, with Coalition grants in the firing line

The government's budget will bring the axe down on billions in Coalition grants as part of a broader $21 billion savings drive.

The New Daily

Australia will join Biden’s global pledge to cut methane emissions by 30% by 2030, Albanese confirms

Funding of more than $3bn will support agricultural methane reduction, clean tech initiatives and the commercialisation of seaweed feed supplement

The Guardian - AU

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AAP

Welfare payments to add $33b to budget

Bi-annual adjustments to welfare payments in line with inflation are adding billions to budget spending, the treasurer says.

ABC News

Treasurer Jim Chalmers reveals workers' pay will go backwards until 2024-25 ahead of federal budget announcement

Treasurer Jim Chalmers reveals workers' pay will effectively go backwards until 2024-25.

The Guardian - AU

SES urges residents of several NSW areas to evacuate – as it happened

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ABC News

New Zealand has a wellbeing budget and the man behind it says it proves budgets aren't all about finance

When Grant Robertson meets his counterparts at global events, he's regularly asked about wellbeing — not his own, but that of his entire country.

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AAP

Gloomy backdrop for first Albanese budget

The Labor government is handing down its first budget at a time of economic turbulence. Here's why that matters.

The New Daily

As Jim Chalmers prepares for the challenges ahead, these loyalties will help sustain him

Behind the doctorate, drive and disarming drawl of Jim Chalmers lies a treasure chest of friendships, David Fagan writes.

The Guardian - AU

Australia and Japan sign new security deal; flood waters peaking in northern Victoria – as it happened

Volunteers place 195,000 sandbags in and around Echuca, which could reach devastating 1993 flood levels. This blog is now closed

The Guardian - AU

Federal budget: no tax break for low- and middle-income workers as economic outlook worsens

Inflation set to peak higher than expected so workers earning less than $126,000 will not get a tax break, worth up to $1,500, beyond 2022

The Guardian - AU

Chalmers offensive: crunch time as treasurer faces first federal budget

A volatile global economy looms as Jim Chalmers assembles the Albanese government’s inaugural budget, where he will be judged on delivering on election promises while exercising restraint

AAP

Treasurer prepares 'sensible' first budget

With the global economy stalling and huge pressure to spend more on health and aged care, the first Labor budget in almost a decade has a lot riding on it.

AAP

The man behind Labor's first budget

The treasurer with working class roots is aiming to deliver a "responsible" first budget without leaving the vulnerable behind.

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