The Latest Breaking News from Jim Chalmers

Treasurer flags need for tax reform to put economy on more sustainable path and further intervention in energy sector amid soaring prices

Terrified by the prospect of further stoking the worst inflation in three decades, Treasurer Jim Chalmers and Finance Minister Katy Gallagher have delivered a budget that takes out of the economy about as much as it pumps into it.

Jim Chalmers’ inaugural budget plants its feet as solidly as possible in the shifting sands of difficult and unpredictable international and local conditions.

Record budget funding for landmark energy reforms is intended to steady the electricity grid and encourage investors to bankroll Australia's net zero future.

Addressing skills shortages is the government's key budget focus to assist business, with tax stings in store for some multinationals, cash-in-hand businesses and investors.

Treasurer Jim Chalmers told reporters on Tuesday his first budget was “the beginning of something new and responsible”.

It's the second federal budget of the year, but this time Treasurer Jim Chalmers is delivering Labor's first in close to a decade. Here's where it plans to spend its money and where it wants to rein things in.

Treasurer Jim Chalmers has brought down a no-surprises budget that delivers Labor’s election promises but warns Australians “hard decisions” are needed for the “hard days to come”.

Australians are facing an incredibly difficult rental market, and this year's budget has an "aspirational" target of 1 million new homes — but there's a lot to unpack. Here's your quick guide to the plan.

Australians are facing a bleak couple of years, with Treasury forecasting dual woes of sustained high living costs and declining real wages. The budget bottom line has improved but Treasurer Jim Chalmers is warning of tough decisions in coming months.

The Albanese government will fund almost half a million fee-free TAFE places and 20,000 new university spots as part of its plan to boost jobs and wages.