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Jim Chalmers

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Jim Chalmers’ fifth budget will confirm that Australia owes the world $1 trillion.

Australia’s debt hits $1 trillion this year - what did we spend it on?

Jim Chalmers’ fifth budget will confirm that Australia owes the world $1 trillion. Within two years, we will be spending more on interest than on the nation’s hospitals.

  • Shane Wright

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Jim Chalmers and RBA deputy governor Andrew Hauser will be at this week’s important IMF meetings.

Chalmers heads to Washington as the world suffers a bad case of deja vu

Australia reshaped its budget after global leaders spoke at an IMF meeting almost 20 years ago. Jim Chalmers heads to the same meeting with similar concerns.

  • Shane Wright
Anthony Albanese and Treasurer Jim Chalmers announcing a plan to halve petrol excise for three months.

PM flags major changes on NDIS and investor tax breaks

On his return flight from Singapore, Anthony Albanese made some of his strongest comments yet about the disability scheme and gave a metric for the success of his trip.

  • Paul Sakkal and James Massola
A key oil terminal on Iran’s Kharg Island. The federal budget will benefit from the surge in inflation caused by the war.

‘The recession we didn’t ask for’: Dire predictions for Australia if fuel price spikes

Modelling by Deloitte Access Economics shows that if oil prices rise, the nation could face mass unemployment and surging inflation.

  • Shane Wright

It’s Albanese’s moment of truth, but he’s in a race against time

A carbon dating of Australia’s political parties would locate all in either the past or the future. The demands of office require the government to also operate in the present.

  • Peter Hartcher
The Australian Border Force officers check illegal cigarette imports found in shipping containers in Melbourne.

War on illegal tobacco unwinnable without price change: Border Force

Customs officers are seizing 6 million illegal cigarettes a day, but it admits that the illicit trade will continue unless smokers quit their cheap habit.

  • Shane Wright
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Labor makes NDIS key to its budget savings plan – and the peak body says providers should lean in

The scheme has become the federal government’s second-fastest growing expense and ministers fear it will lose its social licence without a major rejig.

  • Natassia Chrysanthos
Treasurer Jim Chalmers.

I asked the treasurer if we were up the creek. Here’s what he told me

Treasurer Jim Chalmers reveals what he calls the PM, what he likes about Tim Wilson and how he shed 17 kilograms.

  • Peter FitzSimons
Prime Minister Anthony Albanese in his formal address to the nation about the ongoing fallout from the conflict in Iran.

Albanese calls for calm as world sits on edge of grim economic future

Prime Minister Anthony Albanese will on Thursday pledge $1 billion for interest-free loans for struggling businesses.

  • Paul Sakkal and James Massola
Treasurer Jim Chalmers

‘No retreat’: Chalmers vows ambitious budget despite global oil crisis

Don’t expect to see your petrol fall 26¢ a litre on Wednesday. In fact, it may never drop that far given the war in Iran.

  • James Massola, Mike Foley and Shane Wright