US EditionChalmers Downplays Leak of Advice Calling for Higher Taxes
AUSTRALIA, JUL 13 – Treasury advises Labor that raising taxes and cutting spending are essential to fix the budget and that the target of 1.2 million new homes by 2029 is unachievable, officials said.
- Following the May election, Treasurer Jim Chalmers downplayed the accidental leak of Treasury advice urging tax increases and spending cuts to fix the budget.
- The leak disclosed that Treasury cautioned the government its goal of constructing 1.2 million new residences within a five-year timeframe is unlikely to be reached and that raising additional funds will be necessary.
- Chalmers said the advice was familiar and not surprising, insisting no change to GST arrangements is planned despite widespread calls for tax system reform.
- Treasury advised that fixes require economic growth, revenue increases, spending reductions, and tax reform including possible rises in indirect and superannuation taxes.
- The leak highlights structural budget challenges and may increase pressure on the Albanese government to pursue unpopular fiscal and housing policy changes.
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Treasurer Rules Out Further Super Tax Changes Amid Treasury Document Leak
Treasurer Jim Chalmers has moved to contain the fallout from a leaked Treasury briefing that warned Labor’s flagship housing target was unlikely to be met, while advising the government to find ways to increase tax revenue and cut spending. The internal document—part of Treasury’s “incoming government brief” prepared shortly after Labor won office in 2025—was mistakenly released to the Australian Broadcasting Corporation under Freedom of Informa…
·New York, United States
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Coverage Details
Total News Sources21
Leaning Left3Leaning Right6Center2Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
L 27%
C 18%
R 55%
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