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The Latest Breaking News from Jim Chalmers

Floods to wreak further havoc on economy

Natural disasters caused billions in damage to the Australian economy in 2022 and the bill is expected to rise from further floods.

AAP

Next mining boom to lift up disadvantaged

Australia's rich critical mineral and clean energy resources could be harnessed to drive economic prosperity as seen in the mid-2010s mining boom.

AAP

ACCC probe to ensure savers get fair deal

The treasurer has asked the consumer watchdog to investigate why interest rate increases on deposit products are often lower, slower or conditional.

AAP

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More cost-of-living relief on the cards

Treasurer Jim Chalmers will consider cost-of-living relief measures in the May budget as long as they won't break the bank.

AAP

Australian charged over travel to IS territory freed on bail

An Australian woman charged with willingly entering part of Syria that was under control of the Islamic State group has been freed on bail as a debate raged about the risk to the community

The Independent UK

Aged care sector a 'mess' as losses mount

An accountancy firm has found seven out of 10 aged care centres ran at a loss over three months in 2022, as the federal government admits the sector is a mess.

AAP

Rebound in migration figures 'optimistic'

The Australian government expects migration numbers to bounce back but troubling economic conditions and other uncertainties could weigh on migration.

AAP

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Australian population trailing due to pandemic, experts warn on future

Australia’s population will be four per cent or 1.2 million people smaller and older on average than predicted at the end of the decade due to the COVID pandemic's effect on immigration and birth rates.

The New Daily

Government dismisses China's retaliation threats over mandatory COVID-19 testing

From Thursday, travellers from China will be forced to take a pre-departure COVID-19 test before making the journey to Australia — a move that has sparked anger from Beijing.

ABC News

Covid curbs: US says no cause for China retaliation

WASHINGTON: The White House said there’s no reason Beijing should retaliate against the US and other nations that have imposed Covid restrictions on its travelers, saying the moves were justified on public health grounds as China experiences a surge in cases.

The Times of India

Construction sector braces for hammer blow

Tradies have been busy completing the backlog of construction work spurred by government stimulus programs but demand for building work is expected to slow.

AAP

Government eyes China COVID-19 management

Treasurer Jim Chalmers says the government is closely monitoring the situation in China and is concerned about its influence on the Australian economy.

AAP

Australian fertility rates bounce back to pre-COVID levels after historic low

Australia is experiencing a post-COVID baby boom, according to recent statistics, after the birthrate hit an historic low during the pandemic.

ABC News

Labor under renewed pressure to axe stage-three tax cuts as Australia’s budget woes mount

The party voted in support of tax cuts while in opposition and went to the election promising no changes to the policy

The Guardian - AU

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AAP

Economy at risk from China's COVID wave

The treasurer says China's COVID-19 outbreak will weigh on Australian businesses, which rely on the country's customers and suppliers.

The Guardian - AU

The Albanese government has had a solid start. Now comes the hard part

Labor has grown in popularity since its election in May, and ticked off a number of campaign promises. But harder decisions await in 2023

The Guardian - AU

Australia’s fertility rate rebounds to pre-Covid levels but Jim Chalmers issues warning on ageing population

Federal government’s population statement forecasts births for 2021-22 will be 1.66 babies per woman

The Guardian - AU

Scott Morrison swept away by political tide as Anthony Albanese fights to fireproof 2023

Labor has enjoyed a honeymoon period with voters after their brutal rejection of Morrison’s government

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AAP

Australia's 2023 economic outlook unclear

There are a range of unknowns hanging over Australia's economic fortunes in 2023 but most agree a recession is unlikely.

The Guardian - AU

Broken promises can be toxic for governments, so axing the stage-three tax cuts could be right but risky

It’s going to be a tough call – one of many that await the Labor government in 2023

AAP

Threat of energy price cap already working

Energy markets are responding pre-emptively to the federal government's price cap, demonstrating it's already having a dampening effect on prices.

ABC News

Government imposes one-year price cap on gas, but Australians still face hundreds in energy bill rises

An extraordinary move to temporarily cap gas prices will slow runaway electricity costs, but Australians should still expect to see their bills increase next year.

AAP

Power relief plan heads to the Senate

An energy relief package for households and businesses is nearing completion after clearing a major parliamentary hurdle, despite opposition from the coalition.

ABC News

Facing a cold northern winter, Japan watches Australia's energy market intervention closely

The Japanese government adds its voice to the debate about plans for coal and gas price caps amid concerns about energy security at home.

The Guardian - AU

Energy users and ex-ACCC boss praise government for staring down ‘bullies of the gas industry’

Industry argues capping gas at $12 a gigajoule risks future investment but experts say price is top end of range forecast before invasion of Ukraine

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