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Jim Chalmers MP

@JEChalmers • 115,605 subscribers

Treasurer of Australia, Labor MP for Rankin, proudly Logan, QLD born & bred. Authorised by J. Chalmers, ALP, Logan Central.

Shorts

Debt is $200 billion lower this year than what the Coalition left us. Australia's gross debt as a share of GDP is substantially lower under us than what they forecast in 2022. If the Coalition was in power right now debt would be approaching $1.2 trillion. Our responsible economic management has delivered one of the three strongest budgets in the G20 and much lower debt to GDP than any major advanced economy.

Debt is $200 billion lower this year than what the Coalition left us. Australia's gross debt as a share of GDP is substantially lower under us than what they forecast in 2022. If the Coalition was in power right now debt would be approaching $1.2 trillion. Our responsible economic management has delivered one of the three strongest budgets in the G20 and much lower debt to GDP than any major advanced economy.

190,649 Aufrufe

I asked this question to the former Liberal Treasurer in 2020. Most of the federal debt was racked up by the Liberals and Nationals between 2013 and 2022 - they even doubled the debt before COVID-19. Labor is managing the economy and the Budget in a very responsible way.

I asked this question to the former Liberal Treasurer in 2020. Most of the federal debt was racked up by the Liberals and Nationals between 2013 and 2022 - they even doubled the debt before COVID-19. Labor is managing the economy and the Budget in a very responsible way.

50,644 Aufrufe

This week is all about higher wages and lower taxes for workers, and a fair go for first homebuyers.

This week is all about higher wages and lower taxes for workers, and a fair go for first homebuyers.

51,100 Aufrufe

This is the new leader of the Liberal Party. He went to the election promising higher taxes for every taxpayer as well as bigger deficits and more debt.

This is the new leader of the Liberal Party. He went to the election promising higher taxes for every taxpayer as well as bigger deficits and more debt.

41,181 Aufrufe

Getting compliance costs down for builders was a big focus of our Budget and we’re making access to building standards free. Instead of paying up to $1600 a year to access the standards, tradies will get them for free. That means more money in the pockets of tradies and small businesses and higher standards all round. Big thanks to James and the team at BM Sydney Materials for welcoming us in Cabramatta. Anne Stanley MP

Getting compliance costs down for builders was a big focus of our Budget and we’re making access to building standards free. Instead of paying up to $1600 a year to access the standards, tradies will get them for free. That means more money in the pockets of tradies and small businesses and higher standards all round. Big thanks to James and the team at BM Sydney Materials for welcoming us in Cabramatta. Anne Stanley MP

25,862 Aufrufe

Angus Taylor has just confirmed he’ll introduce legislation to raise income taxes on every Australian worker, if they win the election. This means under Peter Dutton and the Coalition, Australians will earn less and keep less of what they earn. You’ll be worse off under Dutton. #auspol #ausecon

Angus Taylor has just confirmed he’ll introduce legislation to raise income taxes on every Australian worker, if they win the election. This means under Peter Dutton and the Coalition, Australians will earn less and keep less of what they earn. You’ll be worse off under Dutton. #auspol #ausecon

61,208 Aufrufe

A year ago today, the Liberals said they’d roll back your tax cut. They’re for taxpayer funded long lunches for bosses, and against tax cuts and wage rises for workers. #auspol #ausecon

A year ago today, the Liberals said they’d roll back your tax cut. They’re for taxpayer funded long lunches for bosses, and against tax cuts and wage rises for workers. #auspol #ausecon

45,173 Aufrufe

Medicare is not safe in Peter Dutton’s hands. He can’t find the $600b he needs to build nuclear reactors without coming after Medicare again, just like he did when he was health minister. #auspol #ausecon #insiders

Medicare is not safe in Peter Dutton’s hands. He can’t find the $600b he needs to build nuclear reactors without coming after Medicare again, just like he did when he was health minister. #auspol #ausecon #insiders

42,974 Aufrufe

The best progress we can make, is the progress we make together.

The best progress we can make, is the progress we make together.

32,778 Aufrufe

Labor's fuel package in the Budget will be all about more fuel for Australian motorists and industry, and more fuel security for Australia's economy.

Labor's fuel package in the Budget will be all about more fuel for Australian motorists and industry, and more fuel security for Australia's economy.

16,875 Aufrufe

Tonight's Budget will be a responsible budget, it will help with the cost of living, strengthen Medicare and build Australia's future. #auspol #ausecon #budget25

Tonight's Budget will be a responsible budget, it will help with the cost of living, strengthen Medicare and build Australia's future. #auspol #ausecon #budget25

26,473 Aufrufe

Labor is helping families and small businesses get cheaper and more reliable energy through our Cheaper Home Batteries Program.

Labor is helping families and small businesses get cheaper and more reliable energy through our Cheaper Home Batteries Program.

13,414 Aufrufe

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One Nation has now announced plans to cut your superannuation. This means less money and less economic security in retirement. One Nation, the Liberals and Nationals are all anti-super because they’re all anti-worker.

One Nation has now announced plans to cut your superannuation. This means less money and less economic security in retirement. One Nation, the Liberals and Nationals are all anti-super because they’re all anti-worker.

Jim Chalmers MP

241,080 Aufrufe • vor 1 Monat

BREAKING: New numbers out tomorrow will show the deficit for last financial year is billions of dollars smaller than forecast at the Budget in May. This means that not only is the bottom line much better than the government inherited, it’s better than what was forecast at the election and it’s improved again since the Budget. Responsible economic management is a defining feature of this Albanese Labor Government.

BREAKING: New numbers out tomorrow will show the deficit for last financial year is billions of dollars smaller than forecast at the Budget in May. This means that not only is the bottom line much better than the government inherited, it’s better than what was forecast at the election and it’s improved again since the Budget. Responsible economic management is a defining feature of this Albanese Labor Government.

Jim Chalmers MP

144,865 Aufrufe • vor 1 Monat

Helen, you're so important to us, you're so admired by us and you're so loved by us. Here is my statement in the House of Representatives - an important opportunity to send our support to Helen and also thank the community members, first responders and everyone who stepped up and stepped in last Monday.

Helen, you're so important to us, you're so admired by us and you're so loved by us. Here is my statement in the House of Representatives - an important opportunity to send our support to Helen and also thank the community members, first responders and everyone who stepped up and stepped in last Monday.

Jim Chalmers MP

30,654 Aufrufe • vor 9 Tagen

Whether it's making the housing market fairer for first homebuyers, or strengthening our superannuation system, Labor takes Intergenerational issues seriously - and that's what the Intergenerational Report we'll deliver on Monday is all about.

Whether it's making the housing market fairer for first homebuyers, or strengthening our superannuation system, Labor takes Intergenerational issues seriously - and that's what the Intergenerational Report we'll deliver on Monday is all about.

Jim Chalmers MP

119,682 Aufrufe • vor 1 Monat

Australia has a lot going for us and we have our fair share of challenges as well. That’s why our responsible economic management and stronger budget is so important. Government spending came down a bit in the budget outcomes we released this week, and the contribution of government spending to demand in the economy was the lowest in more than a decade.

Australia has a lot going for us and we have our fair share of challenges as well. That’s why our responsible economic management and stronger budget is so important. Government spending came down a bit in the budget outcomes we released this week, and the contribution of government spending to demand in the economy was the lowest in more than a decade.

Jim Chalmers MP

91,105 Aufrufe • vor 1 Monat

I’ll be engaging with more than 30 business leaders and investors and my Japanese counterpart in Tokyo in a packed couple of days to showcase Australia as a premier investment destination. This is all about strengthening cooperation, boosting investment and building resilience in both our economies in Australia’s national interest.

I’ll be engaging with more than 30 business leaders and investors and my Japanese counterpart in Tokyo in a packed couple of days to showcase Australia as a premier investment destination. This is all about strengthening cooperation, boosting investment and building resilience in both our economies in Australia’s national interest.

Jim Chalmers MP

70,722 Aufrufe • vor 1 Monat

It’s now beyond doubt that if any combination of Liberals, Nationals and One Nation win the next election it will be the end of universal super as we know it. The dangerous anti-worker, anti-super ideology they share with each other would decimate the economic security and retirement incomes of Australian workers.

It’s now beyond doubt that if any combination of Liberals, Nationals and One Nation win the next election it will be the end of universal super as we know it. The dangerous anti-worker, anti-super ideology they share with each other would decimate the economic security and retirement incomes of Australian workers.

Jim Chalmers MP

158,282 Aufrufe • vor 2 Monaten

One Nation wants to destroy the compulsory superannuation system, just like the Liberals and the Nationals. They are all a threat to the retirement incomes and economic security of Australian workers. Labor built Australia’s super system, and we’ll always defend it.

One Nation wants to destroy the compulsory superannuation system, just like the Liberals and the Nationals. They are all a threat to the retirement incomes and economic security of Australian workers. Labor built Australia’s super system, and we’ll always defend it.

Jim Chalmers MP

151,468 Aufrufe • vor 2 Monaten

Take a look at this. It's clear that One Nation, the Liberals and the Nationals want to destroy our universal super system. But Labor will always defend it.

Take a look at this. It's clear that One Nation, the Liberals and the Nationals want to destroy our universal super system. But Labor will always defend it.

Jim Chalmers MP

84,696 Aufrufe • vor 2 Monaten

BREAKING: Every one of the 2.7M active small businesses in this country will now have access to generous CGT concessions, and 98% of all active businesses will be eligible for these concessions. These next steps are all about providing more clarity and confidence to investors, more support for small businesses, and more incentives for innovation.

BREAKING: Every one of the 2.7M active small businesses in this country will now have access to generous CGT concessions, and 98% of all active businesses will be eligible for these concessions. These next steps are all about providing more clarity and confidence to investors, more support for small businesses, and more incentives for innovation.

Jim Chalmers MP

136,747 Aufrufe • vor 4 Monaten

The Labor Party will always back Australian workers, their wages and their superannuation. The Liberals, Nationals and One Nation don't support super because they don't support workers and they'll destroy the super system if they get the chance.

The Labor Party will always back Australian workers, their wages and their superannuation. The Liberals, Nationals and One Nation don't support super because they don't support workers and they'll destroy the super system if they get the chance.

Jim Chalmers MP

71,393 Aufrufe • vor 2 Monaten

The Coalition would end superannuation as we know it, decimating the retirement incomes and economic security of Australian workers. Labor built the super system and we will defend it forever from the dangerous and divisive anti-worker, anti-super ideology shared by the Liberals, Nationals and One Nation.

The Coalition would end superannuation as we know it, decimating the retirement incomes and economic security of Australian workers. Labor built the super system and we will defend it forever from the dangerous and divisive anti-worker, anti-super ideology shared by the Liberals, Nationals and One Nation.

Jim Chalmers MP

72,548 Aufrufe • vor 2 Monaten

Analysis from Treasury of new ATO data for 2023-24 shows that 0.2% of tax filers earned around 60% of all the net capital gains income, while 99% of tax filers earned only 13%. We are making the tax system fairer for workers, first home buyers and young Australians.

Analysis from Treasury of new ATO data for 2023-24 shows that 0.2% of tax filers earned around 60% of all the net capital gains income, while 99% of tax filers earned only 13%. We are making the tax system fairer for workers, first home buyers and young Australians.

Jim Chalmers MP

103,008 Aufrufe • vor 4 Monaten

A really productive set of meetings at the IMF and World Bank Annual and G20 Finance Ministers Meetings. From advocating for an end to the war in the Middle East that is having a devastating economic impact to promoting investment in areas like fuel, energy, defence and critical minerals, I appreciated the opportunity to meet with so many of my international counterparts.

A really productive set of meetings at the IMF and World Bank Annual and G20 Finance Ministers Meetings. From advocating for an end to the war in the Middle East that is having a devastating economic impact to promoting investment in areas like fuel, energy, defence and critical minerals, I appreciated the opportunity to meet with so many of my international counterparts.

Jim Chalmers MP

18,416 Aufrufe • vor 19 Tagen

A few quick thoughts on today’s National Accounts before the formal press conference.

A few quick thoughts on today’s National Accounts before the formal press conference.

Jim Chalmers MP

49,943 Aufrufe • vor 2 Monaten

The Coalition can't win the next election without joining One Nation and today one of the Liberal Party's front benchers has confirmed that's their plan. The next election will be a contest between Labor that's delivering real change with higher wages for workers and more help to get into housing or a Liberal-National-One Nation coalition with a big anti-worker agenda.

The Coalition can't win the next election without joining One Nation and today one of the Liberal Party's front benchers has confirmed that's their plan. The next election will be a contest between Labor that's delivering real change with higher wages for workers and more help to get into housing or a Liberal-National-One Nation coalition with a big anti-worker agenda.

Jim Chalmers MP

67,728 Aufrufe • vor 3 Monaten

We’ve secured support to get our tax reforms through the Parliament. This will mean a fair go for first homebuyers, tax cuts for workers and a fairer tax system as well.

We’ve secured support to get our tax reforms through the Parliament. This will mean a fair go for first homebuyers, tax cuts for workers and a fairer tax system as well.

Jim Chalmers MP

86,200 Aufrufe • vor 4 Monaten

Whether it’s One Nation, the Liberals or the Nationals, they are now indistinguishable from each other when it comes to attacking superannuation, wages and workers.

Whether it’s One Nation, the Liberals or the Nationals, they are now indistinguishable from each other when it comes to attacking superannuation, wages and workers.

Jim Chalmers MP

33,500 Aufrufe • vor 1 Monat

This is a Budget that makes the tax system fairer for workers, businesses and first homebuyers.

This is a Budget that makes the tax system fairer for workers, businesses and first homebuyers.

Jim Chalmers MP

79,940 Aufrufe • vor 5 Monaten

Labor won’t cop big fuel corporates and servos treating Australians like mugs.

Labor won’t cop big fuel corporates and servos treating Australians like mugs.

Jim Chalmers MP

100,219 Aufrufe • vor 7 Monaten