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The Latest Breaking News from Jim Chalmers

Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

AAP

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

AAP

Australia Frets Over Meta Halt To US Fact-checking

Australia is deeply concerned by Meta's decision to scrap US fact-check operations on its Facebook and Instagram platforms, a senior government minister said Thursday.

International Business Times

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'Alarming' move by Meta raises misinformation fears

Meta's decision to end its third-party fact checks could put Australian democracy at risk amid an explosion of misinformation and disinformation, leaders warn.

AAP

Cost of living in mind as Labor clutches purse strings

Voters are crying out for more measures to combat the rising cost of living with a federal election looming as Labor preaches responsible economic management.

AAP

Early rate-cut hopes alive as core inflation eases

Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.

AAP

Coalition insists nuclear plan won't blow up economy

The federal opposition has slammed government analysis that suggests its nuclear energy calculations are based on a shrinking economy in five states.

AAP

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PM sharpens attack on nuclear in election-style tour

The prime minister is using a multi-state blitz to launch new offensives against the coalition's nuclear energy policy as the federal election looms.

AAP

PM hits the road to an election with multi-state blitz

The election year has begun with the prime minister making his first major promise as he embarks on a whirlwind cross-country crusade.

AAP

If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse

As soon as people decide that crypto is valueless, it will be – but in the next few years, exposure of traditional institutions will likely run into the hundreds of billions

The Guardian - AU

Politics with Michelle Grattan: Chalmers says the budget’s better than it was; Taylor says it’s much worse than it should be

Appropriately, we finish our podcast for 2024 talking to Treasurer Jim Chalmers and his shadow, Angus Taylor because, as the saying goes, “it’s the economy, stupid!”

The Conversation

Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

AAP

A predicted deficit will get the headlines but remember that budgets are about choices

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

The Guardian - AU

Why Australian politicians are angry at the ‘woke brigade’ over gender neutral gingerbread

The gingerbread people sold in a Parliament House cafe have some conservative politicians aghast

The Guardian - AU

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The Guardian - AU

Labor’s long game: why trust and a little fear matter more than a balanced budget

With voters distracted by Christmas, the government has saved major announcements for 2025, using the mini-budget to prove it can get its sums right

AAP

Crackdown on tobacco research, phoenixing boosts budget

Policy decisions will result in a $17.5 billion deterioration of the federal books, even as tax crackdowns boost revenue, a mid-year budget update predicts.

The Guardian - AU

Federal budget $27bn in the red and won’t return to balance for a decade, Myefo forecasts

Budget downgrade blamed on Australian economy being hit harder than anticipated by higher interest rates, cost of living pressures and global uncertainty

AAP

Deficits dig deeper holes as cracks appear in budget

Australia is on track for a soft economic landing despite budget deficits set to widen as spending grows and tax receipts fall, Treasurer Jim Chalmers says.

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AAP

Major damage in Vanuatu earthquake, deaths feared

A response effort is underway in Port Vila after a 7.3 magnitude earthquake struck off the coast of Vanuatu.

The Guardian - AU

PM says Australia stands ‘ready to assist’ Vanuatu after earthquake – as it happened

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The Conversation

Chalmers unveils new look Reserve Bank, with women in the majority on both its boards

A person with long experience in the financial services sector, Marnie Baker, and a distinguished academic economist, Renée Fry-McKibbin, have been appointed to serve on the Reserve Bank’s new monetary policy board:

The Guardian - AU

Jim Chalmers reveals two appointments to Reserve Bank’s new board tasked with setting interest rates

Renée Fry-McKibbin and Marnie Baker will sit on the RBA’s new board, which follows the government’s reform of the central bank

The Guardian - AU

Rail unions back fresh industrial action across Sydney train network in lead-up to New Year’s Eve – as it happened

This blog is now closed

AAP

Mining export slump puts federal budget in the doldrums

Economic headwinds from China has sparked a major downgrade to Australia's budget position, limiting the government's ability to support struggling households.

The Guardian - AU

Australian mining exports could plunge $100bn over four years due to China slowdown, budget update suggests

Company tax receipts to be revised downwards for the first time since 2020, mid-year budget update reveals

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