Chalmers “shooting for a second surplus” amid shifting budget fortunes
Federal treasurer Jim Chalmers is still angling for a second surplus but warns softening commodity prices and the weakening jobs market could ruin the upside surprise.
Australian economy tipped for a soft landing as inflation falls
A soft landing for the economy remains on the cards as the Reserve Bank maintains it's possible to drive down inflation without sacrificing growth.
No extra cost of living relief but budget repair job is underway: Chalmers
Treasurer Jim Chalmers said a healthier budget would give the government more flexibility to respond to economic challenges in the future.
Chalmers boasts 3.6% unemployment rate, says record 465,000 jobs created in Labor’s first year
Treasurer Jim Chalmers says the national economy is prepared to take on global headwinds, following data showing Australia outperforming international peers.
The ‘blockbuster’ review of the RBA by Jim Chalmers and what it means for its future
Chalmers offered in-principle agreement to all 51 of the panel’s recommendations and said he would be seeking support from the Opposition for any legislation needed to implement them.
Thirteen ways to bridge the $70 billion a year deficit in our budget
Spending cuts have been the focus of budget repair efforts for most of the past decade, so a lot of the low-hanging fruit has already been picked.
Budget 2022: $12.6 million to combat scams and online fraud
The Labor government has committed $12.6 million of its 2022 budget to combat scams and online fraud, with the bulk going towards a National Anti-Scam Centre.
Budget 2022: Depreciation of intangible assets scrapped to save $550 million
The federal government has decided not to proceed with a previous Coalition policy that would have allowed business operators to self-assess intangible depreciating assets, such as patents, registered designs, copyrights and in-house software.
What do small businesses want in this year’s Federal Budget?
The first Labor budget in a decade will be dropped on Tuesday 25 October by the new Treasurer, Jim Chalmers. Amidst an existing economic climate that’s replete with consecutive interest rate rises, mortgage pressure, soaring inflation and a higher cost of living — this will be an important budget for both individuals and small businesses.
Australia’s taxes are too low, but these reforms could help patch our revenue hole
Treasurer Jim Chalmers has indicated Labor might pivot towards raising taxes. It's a sensible move, especially if it targets Australia's wealthiest.
The RBA board is being reviewed. Is it time to change who decides monetary policy?
The composition of the RBA board is to be considered in the review now underway. Should it be more representative, or left to the experts?
