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The Latest Breaking News from Jim Chalmers

Jim Chalmers' 'restraint' budget the first stage of a marathon for the treasurer

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

The Conversation

Record energy spending amid global crisis

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

AAP

What does the federal budget deliver for business? Child care, skills and tax the centrepieces

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.

ABC News

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‘The beginning of something new’: how the 2022-23 budget does things differently

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

The Conversation

Federal budget 2022: Winners and Losers

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.

ABC News

Albanese government's first budget delivers election promises but forecasts soaring power prices

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”.

The Conversation

'Aspirational' target of 1 million affordable rental homes unveiled in federal budget. Here's what the plan looks like

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.

ABC News

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Australians in for tough financial times as federal budget forecasts declining real wages and high living costs

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.

ABC News

Training central to Labor jobs, wages plan

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.

AAP

Two years to go before wages rise

The gloomy state of the economy will weigh on household budgets with a boost to real wages not expected until at least mid-2025.

AAP

2022 budget: Jim Chalmers delivers national housing agreement to build 1m homes

‘Historic’ accord includes state and federal funding commitments for 20,000 new affordable dwellings

The Guardian - AU

Federal budget to include plan to build 1 million homes by end of the decade, as Labor seeks to mitigate housing crisis

In his first budget, Treasurer Jim Chalmers will outline the government's plan to increase housing supply over five years from 2024.

ABC News

$350m to kickstart housing affordability

Australians priced out of the rental market are set to benefit from a $350 million affordable housing scheme included in the federal budget.

AAP

Budget 2022: Chalmers promises five-point plan for cost of living relief — as it happened

Labor has delivered the second federal budget of the year, announcing a plan for cost of living, wages and housing.

ABC News

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The Independent UK

Australia to reveal economic plan for deteriorating outlook

Australia’s new government will propose an economic plan to steer the nation through rising inflation and interest rates while reigning in debt

AAP

Australia hails UK's 'first PM of colour'

Australia has welcomed Rishi Sunak's elevation to leader of the UK's Conservative Party, placing him on course to become Britain's next prime minister.

The New Daily

Budget goal to build one million new homes

One million new homes will be built as part Labor's plan to bring together different sectors to boost investment in affordable housing.

ABC News

Jim Chalmers says the Coalition is responsible for $1 trillion of debt in the federal budget. Is that correct?

Treasurer Jim Chalmers says the budget is "heaving with a trillion dollars in Liberal Party debt". Is that correct? RMIT ABC Fact Check investigates.

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Newcastle Herald

All eyes on Canberra as first Chalmers budget sets the stage for federal Labor

What will Dr Jim prescribe us tonight?

The Guardian - AU

Labor hints at more controls on energy sector – as it happened

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The Guardian - AU

Morning mail: Rishi Sunak new UK PM, budget to show boost to bottom line, Medibank hack details revealed

Tuesday: Sunak will be Britain’s next leader after no other candidate won enough support from fellow MPs. Plus: how to keep a friend spoiler-free – by lying

The New Daily

Paul Bongiorno: A budget to reset the big arguments

The Albanese government tells us it has taken to heart the admonition that those who fail to learn from history are doomed to repeat it.

ABC News

Here's what we know about the Albanese government's budget

Treasurer Jim Chalmers has spent the last few months lowering voters' expectations about this budget, saying it can't be a spend-athon.

AAP

Chalmers braces for budget belt tightening

Treasurer Jim Chalmers has unveiled a budget that includes cost of living relief and down payments on election promises, but warns of hard decisions to come.

AAP

Budget and workplace laws centre stage

Treasurer Jim Chalmers will deliver his first budget this week, while proposed workplace relations and data breach laws will also be introduced to parliament.

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