Commonwealth Treasurer Jim Chalmers delivered his 2024-25 budget to Parliament. While it booked a surplus for 2023-24 (the second consecutive surplus), it increased total spending for future years, and forecasts continued small deficits. In the wake of the economic slowdown resulting from RBA interest rate hikes, this new spending is needed and appropriate.

A review of the Albanese government’s labour and industrial relations reforms at the mid-point of its term in office concludes that the government deserves “positive marks” for several measures taken to strengthen collective bargaining and accelerate wage growth.

Australia needs to respond quickly to powerful new incentives for sustainable manufacturing now on offer in the U.S. and several other industrial countries, or risk being cut out of lucrative new markets for manufactured products linked to renewable energy systems.

The Commonwealth government’s 2023-24 budget reveals a progressive government seeking to help lower paid workers and those struggling to pay bills, support public health care, and pursue investments towards a net zero economy. But it is very much a first step, and leaves much more work to be done to repair past harms done to workers, low-income Australians, public services and infrastructure, and the environment.