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The Latest Breaking News from Labor

Budget deficit this financial year to be $36.9 billion

Treasurer Jim Chalmers has said the budget bottom line will be more than $40 billion better over the four-year forward estimates in total than previously forecast.

The Conversation

Plans lodged for four-storey childcare at The Junction

The proponent Stirling Property Funds, which operates the shopping centre, has signed a memorandum of understanding with Tillys to run the centre.

Newcastle Herald

Public servants know 'three-fifths of bugger all': Littleproud

The Labor government will scrap a key Coalition funding program, replacing it with two new grants programs.

Newcastle Herald

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Labor's love lost: the tide is turning on private ownership of electricity grids

The promise by the Andrews government to reintroduce public enterprise to Victoria’s electricity industry, through a revived State Electricity Commission, is something of a shock.

The Conversation

Lidia Thorpe to refer herself to privileges committee over relationship with ex-bikie

Greens senator’s move heads off hostile referral by Coalition over possible perceived conflict of interest due to former role on law enforcement committee

The Guardian - AU

Budget tips $1b into regional grant revamp

Two new regional grants programs will be introduced by the Albanese government in the upcoming budget, to improve transparency of decision making.

AAP

Why are we having a fourth budget in two years?

Budgets are typically handed down once a year in May but the last few years have seen the budget timetable thrown out the window and the financial plans delivered at all different times of the year. Here's why.

ABC News

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Vic schools, kindies promised almost $1.6b

Victorian Labor has promised almost $1.6 billion for upgrades of government schools and kindergartens, as well as plans for 25 new schools, if re-elected.

AAP

Alan Kohler: Deficits and debt are about politics, not economics

Chalmers' budget has no surpluses, only deficit and debt. His “big national conversation” needs to be about why that’s OK.

The New Daily

Canberra universities to get budget funding

They will receive funding for 345 student places.

The Canberra Times

Labor gears up to hand down first budget

Soaring inflation and almost a trillion dollars of debt will set the scene for the Albanese government's first budget.

AAP

Labor’s ‘rorts and waste’ audit to deliver $10bn in savings to federal budget

Government will also shuffle funds and axe Coalition projects to free up $11bn for their own policy priorities

The Guardian - AU

Car parks to get the chop and road upgrades delayed in budget as government tightens belt

Finance Minister Katy Gallagher argues that the projects promised before April's federal election were an attempt to win votes and were not value for money.

ABC News

Australia will join Biden’s global pledge to cut methane emissions by 30% by 2030, Albanese confirms

Funding of more than $3bn will support agricultural methane reduction, clean tech initiatives and the commercialisation of seaweed feed supplement

The Guardian - AU

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AAP

Premiers trade barbs on Vic energy plan

An ex-Victorian premier has hit out at plans to bring back a government-owned energy operator he privatised in the 1990s amid economic turmoil.

AAP

Welfare payments to add $33b to budget

Bi-annual adjustments to welfare payments in line with inflation are adding billions to budget spending, the treasurer says.

AAP

Regional Australia a budget battleground

The Labor government has rejected The Nationals' claim it will "rip the guts" out of the regions in its first budget.

The Guardian - AU

Housing, Indigenous and domestic violence services to receive extra $560m in federal budget

Exclusive: The partial indexation of funding aims to help community organisations cope with rising costs

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The Canberra Times

Mountain bikers warn ACT is being left behind

City Services Minister Chris Steel said ACT Labor committed $1.2m to build the Stromlo to Cotter trail in this term and are working to deliver the commitment as promised.

The New Daily

As Jim Chalmers prepares for the challenges ahead, these loyalties will help sustain him

Behind the doctorate, drive and disarming drawl of Jim Chalmers lies a treasure chest of friendships, David Fagan writes.

The Guardian - AU

Federal budget: no tax break for low- and middle-income workers as economic outlook worsens

Inflation set to peak higher than expected so workers earning less than $126,000 will not get a tax break, worth up to $1,500, beyond 2022

The Guardian - AU

Australian companies to face fines of $50m for data breaches

In wake of Optus and Medibank leaks, serious or repeated breaches of customer information will attract heavy penalties under new legislation

The Guardian - AU

Chalmers offensive: crunch time as treasurer faces first federal budget

A volatile global economy looms as Jim Chalmers assembles the Albanese government’s inaugural budget, where he will be judged on delivering on election promises while exercising restraint

The Guardian - AU

Victoria Greens spruik family ties in election pitch as ageing millennials defy drift to conservatism

Reproductive rights and parenting become hot topics in state election as parties on the left court women and young families

Newcastle Herald

City to push state for $80-$100m indoor aquatic centre in Newcastle

An indoor swimming pool has been on the city's wishlist for years, however the concept is being pushed again ahead of next year's state election.

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