Full Story Jim Chalmers on uncertainty and ambition
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Jul 15, 2025 
Jim Chalmers, the Treasurer of Australia, talks with journalist Tom McIlroy about the pressing issues facing the country, including tax reform and budget sustainability. He reveals insights on ambitious housing targets, emphasizing cooperation with local governments. Chalmers discusses the G20 finance ministers meeting and the critical nature of global economic stability amid uncertainties. Adding a personal touch, he shares a humorous anecdote about a reading challenge from his wife, blending serious topics with light-hearted moments.
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Economy Needs Productivity and Resilience
- Australia's economy is growing but lacks sufficient productivity and resilience against global uncertainty.
- Treasury highlights the need for budget sustainability improvements to handle volatile international conditions.
Boost Housing by Cutting Red Tape
- To meet ambitious housing targets, invest significantly and cut red tape in regulations and zoning.
- Collaboration with state and local governments is essential to speed housing construction and address supply shortages.
Balanced Tax Approach Key to Budget
- Budget repair requires a balanced approach including tax mix adjustments rather than only spending cuts.
- Past successes show targeted tax increases can fund tax cuts elsewhere, indicating the need for flexible fiscal policy thinking.
