Media releases

2025

Longest period in band on record for monthly inflation

New figures from the ABS show that headline and underlying inflation remained in the Reserve Bank of Australia’s target band in April.

Streamlining and strengthening our foreign investment regime with a new online processing system

The Albanese Government is taking the next step in delivering a streamlined and strengthened foreign investment regime with a new, more efficient and more effective online portal to process applica

Reserve Bank cuts interest rates again

Today the independent Reserve Bank of Australia Monetary Policy Board decided to lower the cash rate again for the second time in three months.

Public consultation on productivity reform priorities

The Albanese Government welcomes the Productivity Commission’s call for submissions on priority reform areas released today.

Backing a wage rise for low‑paid workers

The Albanese Labor Government is backing another pay rise for low‑paid workers to help with the cost of living.

More jobs, low unemployment and lower inflation under Labor

The Albanese Labor Government continues to deliver more jobs, with ABS Labour Force data today showing a record number of Australians in paid work and unemployment remaining low.

A year and a half of annual real wages growth

New data released by the Australia Bureau of Statistics shows that annual real wages have grown for 18 months in a row under the Albanese Labor Government.

Economic portfolio ministers

I’m grateful to the Prime Minister for the opportunity to continue to serve as Australia’s Treasurer.

Headline and underlying inflation fall in February

New figures show that headline and underlying inflation fell last month.

Cracking down on non-compete clauses to boost wages and productivity

The Albanese Government is taking action to stop unfair non‑compete clauses that are holding back Australian workers from switching to better, higher‑paying jobs.

New cost of living tax cuts under Labor

The Albanese Government will deliver two more tax cuts to every Australian taxpayer in 2026 and 2027, adding to the first round that Labor delivered in July last year.

Responsible economic and fiscal management

The Albanese Government is building a stronger economy and stronger Budget, with smaller deficits and much lower debt than we inherited.

More energy bill relief for every Australian household and for small business

The Albanese Labor Government will provide another $150 in Energy Bill Relief, extending our energy rebates until the end of 2025.

Building Australia’s future

This is a responsible Budget that helps with the cost of living, while Building Australia’s Future.

Building a stronger economy

The Albanese Labor Government is securing Australia’s future during a time of global uncertainty by making our economy more productive and more resilient.

Responsible cost-of-living help

Cost of living is front of mind for most Australians, and front and centre in the Budget.

National licensing for electrical trades

The Albanese Government will work with states, territories, businesses and unions to design a national licensing scheme for electrical trades people.

Cracking down on the supermarkets to get a better deal for Australians

The Albanese Labor Government has today released the

Next steps in developing an innovative digital asset industry

The Albanese Government is developing a fit for purpose digital asset regime to help build a more dynamic and competitive economy.

Unemployment remains low under Labor

Low unemployment has continued under the Albanese Government, according to ABS Labour Force figures for February released today.