Jim Chalmers 2022

Jim Chalmers:

Andrew Clennell:

Joining me live is the Treasurer, Jim Chalmers. Treasurer, thanks for your time.

Jim Chalmers:

Thanks very much Andrew.

Clennell:

You’ve been Treasurer of Australia for 3 years. Why do you need a roundtable to tell you how to approach economic reform?

This week in Canberra we are bringing together leaders from the business community, the union movement and civil society to work on making the Australian economy stronger, fairer, more productive and more resilient into the future.

Jim Chalmers:

This is going to be a really important week for our economy. The Economic Reform Roundtable is all about 3 days to help inform the next 3 budgets.

Julie‑Ann Campbell:

Well, good morning, everyone, and welcome to a brand new park ‘n’ ride facility. Today is a fantastic day for people who live on the south side of Brisbane. It’s a fantastic day for people who live in Logan. And it’s a fantastic day for those who want to spend less time in traffic, less time in congestion and more time with their families.

Michelle Grattan:

Jim Chalmers, I know you don’t delve too deeply into predictions about interest rates. But in general terms following the decision this week, do you think that the economic conditions are there for one or more rate cuts later this year?

Jim Chalmers:

Jim Chalmers:

New data released by the Australian Bureau of Statistics shows that annual real wages have now grown for seven consecutive quarters under the Albanese Labor Government.

We’ve recorded the strongest annual real wages growth in five years and the longest run of real wages growth above 0.7 per cent in a decade, according to today’s figures.

James Glenday:

Well, for more on this story, we’re joined now by the federal Treasurer, Jim Chalmers, who is in Parliament House in Canberra for us this morning. Jim, welcome back to News Breakfast.

Jim Chalmers:

Thanks very much, James.

Glenday:

Sally Sara:

Treasurer, welcome back to Radio National Breakfast.

Jim Chalmers:

Thanks very much, Sally. Nice to see you again.

Sara:

Good to see you. We’ve now seen a third interest rate cut this year. How do you reflect on the timing of this latest cut? Should the RBA have gone last time?