The Latest Breaking News from Jim Chalmers

Virtually every country in the world is facing a crisis in energy costs, yet while other countries can’t do much about it, Australia can.

Housing took centre stage in Treasurer Jim Chalmers’s first budget this week. Relatively modest but positive steps were made towards tackling Australia’s worsening shortage of affordable social housing, as well as the broader challenge of housing affordability. But parts of the package cast some doubt on the new government’s analysis…

Exclusive: Rod Sims argues federal government needs to be tougher, stating ‘it just needs the threat and I think they will act’

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.

Treasurer Jim Chalmers says of his first budget: “Inflation is the dragon we need to slay”. Chalmers’ worry about inflation was reinforced by Wednesday’s release of the September quarter CPI, which showed inflation at 7.3%.

ACCC to review gas industry as Labor’s budget forecasts point to a 56% rise in power prices over the next two years

It was billed as Australia’s first wellbeing budget. But, five months into a new government, with so many economic fires to fight, Treasurer Jim Chalmers’ first budget was never going to be that.

Before things get totally hysterical over the next few days, let’s talk about what betrayal really looks like