Jim Chalmers 2022

MARK RILEY:

What will families look at in this Budget on Tuesday night and say, wow, that’s really going to help me?

JIM CHALMERS:

CHARLES CROUCHER:

Treasurer, happy Mother’s Day. Thanks for joining us here on Nine.

JIM CHALMERS:

Thanks, Charles. Happy Mother’s Day to Laura and Carol and Barbara and all the mums, but also people who might be missing their mum today.

CROUCHER:

MELISSA CLARKE:

Jim, you’ve said that this Budget will put downward pressure on inflation. How is it going to do that?

JIM CHALMERS:

The Albanese Labor Government will make significant new housing investments in next week’s Budget to help deliver our comprehensive Homes for Australia plan.

The Prime Minister convened National Cabinet on Friday, where Premiers and Chief Ministers backed the following new measures in the Budget to help Australians build, rent and buy:

The Albanese Government is investing an extra $467 million in the Bruce Highway through the Budget to improve the safety and capacity of the Queensland’s major north‑south road link.

JIM CHALMERS:

This will be a responsible Budget and it will be a restrained Budget. It will ease cost‑of‑living pressures, and it will incentivise investment in a Future Made in Australia. Investment has been really strong under this Labor government, but we’re not complacent about it, because we need more investment to fund and finance the future.

PATRICIA KARVELAS:

Jim Chalmers is the Federal Treasurer and joins us this morning. Treasurer, welcome.

JIM CHALMERS:

Thanks very much, Patricia.

KARVELAS:

JIM CHALMERS:

Today’s decision by the independent Reserve Bank means by the time the board next meets we will be approaching eight months since interest rates went up.

This period of rates on hold has provided stability in difficult times for Australian mortgage holders and small businesses.

JIM CHALMERS: