Chalmers

Opposition Leader Peter Dutton says federal Labor’s budget will do little to help Australians struggling with the rising cost of living. The Liberal leader handed down his budget reply to the House of Representatives on Thursday night, two…

For a Government that has promised to take action on climate change and environmental protection after a “decade of neglect” by the Coalition, Labor’s second budget has left experts and advocates bitterly disappointed.Although this budget…

Chalmers noted there were structural pressures on the budget that may require more revenue.“We’ve got a structural challenge in the budget. We made really good progress on it last night but we’ve got more work to do,” he said.Most critics…

Economists are divided on whether the budget spending will fuel inflation and force another rate hike, but financial markets made no change in their outlook on Wednesday and are assuming no further interest rate increase this year.Loading“I…

Youth Allowance – financial help for young people studying or looking for work – and JobSeeker were increased by $40 a fortnight in this budget. But it may not be as big of a deal as Chalmers has made it out to be. The increase falls short…

Treasurer Jim Chalmers has stood firm behind his contentious stage 3 tax cuts, after it was revealed on Tuesday the cost would blow out to $69b over the next four years. While not contained within the budget papers, the government has…

The government can lay claim to some of the improvement. It went to the election last year campaigning for better wages, and those better wages ultimately mean more tax.But the budget also confirms Chalmers’ political difficulty in dealing…

Finance Minister Katy Gallagher says she and Treasurer Jim Chalmers have been trying to find “balance” for tomorrow’s budget. “The inflation challenge is the one we are focused…

Jim Chalmers’ second budget will commit $14.6 billion over four years to help Australians struggling with mounting cost-of-living pressures. As the government reveals more than $17 billion in budget savings will be “reprioritised”, the…

On the one hand, the budget’s looking good (for now). But on the other, the economy is looking downright nasty.While the economy slows, inflation will remain high. The Reserve Bank on Friday forecast inflation for the coming financial year…