Treasurer Jim Chalmers will hand down his third budget next week, as he again walks the tightrope of offering cost-of-living relief to struggling households without further fuelling inflation. Finance Minister Katy Gallagher has declared inflation will be the “primary focus” of Tuesday’s budget, but the Treasurer later insisted it wouldContinue Reading
The Victorian government is “creating the conditions needed” for 800,000 new homes while scrapping a shared equity scheme for first home buyers. The scheme received a $700m injection in Tuesday’s budget, following a $500m boost in September. But Tuesday’s budget reveals the shared equity scheme – where a first homebuyerContinue Reading
Treasurer Jim Chalmers has batted away concerns that a cash splash by state and territory governments is undermining the efforts of the federal government and the Reserve Bank to halt a resurgence in inflationary pressures. Speaking to reporters in Canberra, Dr Chalmers welcomed initiatives by state and territory governments toContinue Reading
Households hoping for additional cost of living relief in the May budget could be disappointed with Treasurer Jim Chalmers set to hose down expectations of cash splash due to weaker revenue windfalls. In each of Labor’s first two budgets, the bottom line has benefited from more than $100bn in revenueContinue Reading