As he prepares to hand down his third budget,the treasurer explains why the economy’s soft,and why he’s not craving the prime ministership.
Just over two weeks before the federal budget,the Economic Inclusion Advisory Committee has again urged the government to provide more help to those struggling the most.
Treasurer Jim Chalmers has signalled tough action on non-compete clauses after the United States decided to ban so-called “wage handcuffs” on staff.
Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the developed world as inflation surged,OECD data shows.
For two years,the Reserve Bank has been talking about negotiating a narrow economic path. But inflation is buried deep in parts of the economy.
Jim Chalmers is on track to deliver successive budget surpluses,but a slowing economy may force the nation’s finances back into the red.
After a series of meetings with world economic leaders,Treasurer Jim Chalmers has been forced to change tack on next month’s budget.
Jim Chalmers has held high-level meetings in Washington ahead of unveiling this year’s budget,which he says will target “economic security”.
The first threat,the treasurer will say,is rising global tensions,as he looks to repair the nation’s finances and reform the economy.
The International Monetary Fund says countries heavily dependent on China – such as Australia – have to get their budgets in order sooner rather than later.
Jim Chalmers backed the case for tax concessions in a new signal about the scale of the budget plan to help clean energy industries and local manufacturing.