Jim Chalmers 2022

The Albanese Government welcomes the very strong returns achieved by the Future Fund which saw our sovereign wealth fund grow by almost $30 billion last year.

This is a great result for the Future Fund and a great result for our country.

Rafael Epstein:

Jim Chalmers joins you, he is the federal Treasurer. Good morning.

Jim Chalmers:

Good morning, Raf. How are you?

Epstein:

Steve Austin:

Tom Elliott:

Joining us on the line, earlier than promised, which is welcome news, the federal Treasurer, Jim Chalmers. Good morning.

Jim Chalmers:

Good morning, Tom, how are you?

Elliott:

Sarah Ferguson:

The Treasurer, Jim Chalmers, joins me now from Canberra. Treasurer, welcome.

Jim Chalmers:

Thanks, Sarah.

Ferguson:

You were so confident in your ability to manage the economy in a way to keep interest rates down. What went wrong?

Chalmers:

Today the independent Reserve Bank Monetary Policy Board increased the cash rate by 25 basis points.

This will be difficult news for millions of Australians with a mortgage and we understand the pressure that this will put on families and businesses.

While today’s decision was widely expected, that doesn’t make it any easier.

Sally Sara: