Australia news live: Labor reports $20bn in savings in mid-year budget update; Queensland driver charged with eight attempted murders after pedestrians struck | Australia news

Australia news live: Labor reports $20bn in savings in mid-year budget update; Queensland driver charged with eight attempted murders after pedestrians struck | Australia news


Labor promotes $20bn in savings before mid-year budget update

Tom McIlroy

Ahead of Wednesday’s mid-year update to the federal budget, Labor is talking up $20bn in savings.

This weekend, the government has also moved to stop huge blowouts in the cost of its home battery program, with changes due to come into force in May.

Already over subscribed, the assistance for households to add storage options for their home solar systems is costing about $2bn. Another $5bn will be spent, but without changes to taper some of the rules, the cost was on track to hit $14bn. The changes announced on Saturday will slow that spending.

The finance minister, Katy Gallagher, has separately listed various savings being included in the mid-year fiscal and economic outlook.

She says they include $6.8bn in savings from reduced spending on consultants, contractors and labour hire and non-wage expenses such as travel, hospitality and property.

Another $1.8bn will be saved from lifting the freeze on social security deeming rates to pre-pandemic settings.

About $882m will be saved from changes within the Department of Veterans Affairs, while the defence portfolio will see $574m in savings.

Then there’s $425m in uncommitted funds from the Hydrogen Headstart program, as well as $286m from additional childcare subsidy integrity activities.

“Delivering savings isn’t just good fiscal management, it’s about guaranteeing that the services our communities depend on remain strong and sustainable, while also dealing with the significant spending pressures we are facing,” Gallagher said.

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Key events

Victoria’s West Gate Tunnel opens

We have a bit more here on the opening of the west gate tunnel from AAP:

A major new toll road intended to ease traffic in Australia’s second-largest city has finally opened, a decade after the project was first announced.

Victoria’s West Gate Tunnel, an alternative route to Melbourne’s west, opened to the public on Sunday morning with the long-awaited toll road heralded to be a “game-changer” for commuters.

The first trucks and cars passed through the 6.8km stretch just after midnight, drawing the $10.2bn project to a close.

Premier Jacinta Allan described the roadway – which has three lanes in each direction – a “massive game-changer for the way people travel around this great city and state”.

It means families can get home sooner, congestion will be reduced, and most importantly, for residents here in the western suburbs, it will get trucks off local roads.

Allen defended the Labor-backed project, despite a decade of turbulent planning, a doubling of its cost and years of delays.

The first cars at the opening of the West Gate Tunnel, Melbourne. Photograph: West Gate Tunnel Project
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