Australia Treasurer Jim Chalmers attends a press conference in parliament house in Canberra, Australia, on July 8, 2025. David Gray/AFP via Getty Images
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 Information laws.
