CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following transcript: Note Subjects: 2026 Budget CharlesCroucher: Treasurer, thanks for sitting down with us. Are we done with the lies now? JimChalmers: I think the statements that we made at the time of the election reflected the government's overwhelming focus on supply. We've maintained that in the Budget, but we've come to a different view on a number of key policies, and we've explained why in the Budget that has been mad...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following transcript: Note Subjects: 2026 Budget Mark Riley: Treasurer, thanks for joining us. Jim Chalmers: Thanks, Mark. Riley: A budget redressing the balance between those who earn and those who own. Fair? Chalmers: A big motivation for the Budget is to try and better align the tax treatment of people who work for a living with people who earn their income in other legitimate ways. And so really, it's about that. It's a...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following transcript: Note Subjects: federal Budget, housing, tax reform, tax cuts Ashleigh Raper: Have you done tonight what Labor has always wanted to do on negative gearing and capital gains tax? Jim Chalmers: No, I think our government's focus was overwhelmingly for the first 4years on the major challenge, which is housing supply. But increasingly over time, it's become clear to us that even though the challenge begins with...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following transcript: Note Joint press conference with Senator the Hon Katy Gallagher Minister for Government Services Minister for Finance Minister for the Public Service Subjects: federal Budget, fuel security, cost‑of‑living relief, tax cuts, housing, tax reform, productivity, spending restraint Jim Chalmers: Okay, good day everyone. Thanks for making time for us this afternoon as we release the Albanese gover...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following media release: The Albanese Labor Government is delivering a comprehensive package to boost productivity and reduce regulatory costs in this year's Budget. Boosting productivity is central to this Budget because it's the best way to lift wages and living standards for Australians. Our comprehensive package to boost productivity and reduce regulatory costs will make it easier to build, easier to do business and easier to ...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following media release: The Albanese Labor Government is taking decisive action in the Budget to boost housing supply, make our tax system fairer to help more Australians into homeownership and build on our work over the last fouryears to build more houses. This is about building more homes, helping more Australians realise the dream of homeownership and giving younger Australians a leg up in the housing market. We know it's too ...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following media release: The Albanese Labor Government is backing business innovation and investment through landmark tax reforms as part of the Budget's productivity package. Australia is a world leader in innovative ideas and business success stories and we are ensuring that will continue. New tax incentives will encourage more entrepreneurship and back hundreds of millions of dollars in new research and development for young fi...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following media release: The Albanese Labor Government will deliver more cost‑of‑living relief in this Budget to take pressure off Australians, including a new permanent $250 tax offset for workers. Together with our existing tax relief, this new round of tax cuts means the average Australian worker could receive a combined benefit of up to $2,816 from 2027-28. We're helping Australian workers earn more and keep more o...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following media release: The Albanese Labor Government is delivering a stronger and more sustainable Budget with smaller deficits, less debt and net policy decisions that improve the bottom line. Responsible economic management is a defining feature of this Government and this Budget is our most responsible yet. Strong fiscal discipline is even more important at a time of heightened global uncertainty, and that's exactly what we'r...
CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following media release: The Albanese Labor Government is delivering a new round of tax cuts, helping more Australians realise the dream of home ownership and supporting investment and innovation through the most significant tax reform package in more than a quarter of a century. This is about tax relief and tax reform to make our economy work in the interests of more Australians, businesses and future generations. This tax packag...