Jim Chalmers 2022

JOURNALIST:

I wanted to begin with the cost-of-living impact of the floods. Which products are likely to be affected and for how long?

JIM CHALMERS:

ALLISON LANGDON:

Jim Chalmers joins us now from Canberra. Nice to see you this morning, Treasurer. I feel like we need a bit of Tim's namaste, don't we? There's a bit going on at the moment.

JIM CHALMERS:

JIM CHALMERS:

KATHLEEN HAYS:

What is the message here, particularly when it comes to Australia? Ahead of this meeting, you seemed ready to raise these very issues pointedly for what it means for Australia. What have you heard here? What do you take away?

JIM CHALMERS:

MATT SHIRVINGTON:

JIM CHALMERS:

ALLISON LANGDON:

We will bring in now Treasurer Jim Chalmers who joins us from Washington DC. Jim, really appreciate your time. I know you've been watching as this flood emergency is unfolding, particularly in Victoria. It’s significant and a lot of people are scared and potentially a lot of damage.

JIM CHALMERS:

More than 400,000 low‑paid workers in key industries will take home a bigger pay slip from today, thanks to a 4.6 per cent increase to minimum wages under their awards.

Industries in which workers are set to benefit include hospitality, tourism and aviation, with full‑time workers seeing a minimum $40 extra per week.

SARAH FERGUSON:

Treasurer, welcome to the program.

JIM CHALMERS:

Thanks Sarah.

FERGUSON:

We're hearing some very blunt warnings that the major economies are heading into recession. Are you hearing any optimism that a global recession can be avoided?

CHALMERS:

JIM CHALMERS: