The substantial amount, which is in addition to $20 billion found in October, paves the way to fund a number of crucial measures which will be outlined when Treasurer Jim Chalmers speaks on Tuesday evening.
Katy Gallagher has revealed $17.8 billion in savings and reprioritisations ahead of the second budget from the Labor government. Picture: NCA NewsWire / Gary Ramage“It’s been harder to find the savings. In October we were able to return to budget some of those big lumps of funds that the former government had put into the budget.Ms Gallagher said about $7.
“Of that $17.8 billion, about $7.8 billion is through reprioritisation though the defence program, so through the strategic review,” she said. Sky News Australia revealed last week the government is set to bring the budget back to surplus, something Labor has not achieved since 1989.
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