The treasurer has outlined a blueprint for an economy that will solve problems while still looking after the people at its centre. And despite the detractors, there is much to be said for it.
In this podcast Chalmers also reveals he spoke with Paul Keating while writing of the essay, published in The Monthly.
Chalmers’ essay looks to the future after the uncertainties of three global crises - the GFC, the pandemic, and the energy and inflation shock
God bless Scott Morrison, Labor must say to itself daily, as the former prime minister remains a recurring reminder of the bad old days of a disorderly government.
There were mixed results for the Albanese government from polls take in the wake of its first budget.
Dealing with the crisis, driven by the Ukraine war, is now Labor’s problem, and that gave Dutton something substantial to latch onto.
Michelle with Chalmers, Taylor and Wood.
In this podcast, we talk to Chalmers, shadow treasurer Angus Taylor, and the head of the Grattan Institute Danielle Wood about power prices, tax pressures and spending reforms
The Albanese government’s first budget contains many measures that may contribute to wellbeing, but that’s not the same as being a wellbeing budget.
It’s easy to spot the similarities in how this first Labor budget and its Coalition predecessors approached transport projects. Their eye-watering spending isn’t supported by proper assessments.
The budget earmarked worthwhile climate measures, but many are piecemeal. Amid record-breaking extreme weather in Australia, federal spending on climate action still falls well short.
AAP/The Conversation, CC BY-ND.
We sifted through the budget papers so you don’t have to. Here are the main takeaways at a glance.
Wes Mountain/The Cartoon
Frightened by the prospect of an inflation rate approaching 8%, Chalmers has pumped very little into the economy, funding most of their extra spending by cutting Coalition programs.
Chalmers promised the budget would be “workmanlike”, not “flashy”, and he’s kept his word. Almost all of it had been pre-issued by the government, including measures and numbers.
It’s not just the numbers that have changed in Jim Chalmers’ first budget. There is an emphasis on climate change and wellbeing, too.
Jim Chalmers’ first budget has kept spending tight, but it contains alarming news for households.
Over the forward estimates, the budget bottom line is estimated to be $42 billion better than what was expected in March.
Delivered against a background of rising inflation, increasing interest rates and huge global uncertainties, Labor’s first budget will also contain $33 billion in extra funding for pensions and payments.
With cost blow-outs and global economic strife looming, the economic challenge for the Albanese government is great.
By sticking to a tax-cut plan made in 2018, the Albanese government must choose between debt and services.
Bianca de Marchi/AAP
Shaping up as an outspoken protagonist in the current “gas wars”, Industry Minister Ed Husic this week launched a barrage of criticism at the producers.