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The Latest Breaking News from Jim Chalmers

Australia flags first annual budget surplus in 15 years

Treasurer Jim Chalmers says country is on track for first surplus since the global financial crisis in 2008.

Al Jazeera

Watch: Surplus surprise, CTE suicide risk, Telstra outage

Watch: Jim Chalmers will be the first Treasurer in 15 years to hand down a surplus in tonight's budget. Telstra claims to have resolved an issue that left

The New Daily

What time is the 2023-24 federal budget? Here are the key things to watch for and what 'budget surplus' means

While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.

ABC News

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‘Proud’ Treasurer points to biggest budget turnaround ‘on record’

A "very proud" Treasurer Jim Chalmers says the budget he will unveil within hours will show "the biggest budget turnaround on record".

The New Daily

Australia forecasts first annual budget surplus in 15 years

The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as inflation will push the country into deeper debt in future years

The Independent UK

The federal budget must walk a tightrope amid cost of living fight

Easier said than done when interest rates rose again in May.

Newcastle Herald

Treasurer delivers budget speech – as it happened

This blog is now closed.

The Guardian - AU

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Morning Mail: Chalmers’ $4bn surplus, airlines face calls for compensation payouts, frog loss fears

Aviation white paper may include plan to recompense people whose flights are cancelled or delayed; treasurer to present budget; and bushfires have hit frog populations

The Guardian - AU

Paul Bongiorno: Prepare for another tax and spend budget

The rituals of the budget are as predictable as they are frustrating, including the mantra that all Labor governments do is tax and spend.

The New Daily

Michael Pascoe: Hiding in plain sight, Labor commits to further big fossil fuel projects

The Albanese/Chalmers government went ever so gently with the gas industry because it hopes for more big new fossil fuel extraction projects.

The New Daily

Hunter leaders want budget cash to flow for energy, roads, housing

Treasurer Jim Chalmers will deliver his budget speech to Parliament at 7.30pm, six-and-a-half months after Labor's first post-election mini-budget in October.

Newcastle Herald

What's in the budget? Here are some of the major measures we know about

These major budget measures reveal the type of plan the federal government has for Australia, writes Gareth Hutchens.

ABC News

Budget tipped to go back in black with $4 billion surplus, as debts reduced

The federal budget is predicted to dip into the black which, if it eventuates, will be the first time a surplus is recorded in 15 years.

The New Daily

First surplus in 15 years expected as Albanese government delivers second budget

If the federal government's forecast is realised, Jim Chalmers would be the first treasurer to deliver a surplus since Peter Costello.

ABC News

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The Guardian - AU

Jim Chalmers to announce first surplus in 15 years in 2023 federal budget

Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth

The New Daily

‘Disingenuous’: Inflationary trade-off in Jim Chalmers’ budget

Jim Chalmers claims his cost-of-living package won't worsen inflation, but experts take a different view, saying it will.

The New Daily

Anthony Albanese reassures Labor faithful on budget eve

The budget will include $14.6 billion in cost-of-living policy measures, targeted, Mr Albanese said, “for those who need it most”.

The Conversation

What Australia's new gas tax will mean for new projects, the economy and the climate

Treasurer Jim Chalmers has announced higher taxes on gas industry profits, which he says will give Australians a “fairer return” on their natural resources.

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The Guardian - AU

Labor’s changes to gas tax will deliver little if any extra revenue, analysts say

Greens label move as ‘less than the bare minimum’ while Monique Ryan says Australia remains a ‘global laggard’ on taxing industry

Reuters

Australian govt pledges $10 billion in budget to ease cost of living

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.

ABC News

Federal budget tax windfall mostly pocketed to wipe out deficit, Treasurer says

Federal Treasurer Jim Chalmers says he has let most of the money from higher commodity prices and low unemployment "flow through" to the bottom line ahead of unveiling tomorrow's budget.

The Guardian - AU

Fears relief could add to inflationary pressures – as it happened

This blog is now closed.

ABC News

Jim Chalmers says the Coalition racked up all but a 'tiny fraction' of $1 trillion in debt left to Labor. Is that correct?

Treasurer Jim Chalmers says that Labor inherited a trillion dollars of "Liberal debt" when it came to office, and that Labor's share of that, left to the previous Coalition government was "a tiny fraction". RMIT ABC Fact Check runs the numbers.

The Guardian - AU

Morning Mail: budget’s $14.6bn cost-of-living relief, tributes to Zonfrillo, second Texas tragedy

Treasurer hints at additional measures for renters while others tipping a broad rise in the jobseeker payment

ABC News

Electricity bill relief receives mixed reviews as federal government reveals $14.6b cost of living package

The $14.6 billion package over the forward estimates includes $1.5 billion in electricity bill relief for more than 5 million households and a further 1 million small businesses.

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