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The Latest Breaking News from PBO

Average renter would take 8.3 years to save enough for a house deposit, new Victorian analysis shows

Exclusive: PBO report based on wage growth, house prices and rent rises says nearly a decade need if 20% of gross income is put aside

The Guardian - AU

Almost a third of those eligible for Victorian homebuyer scheme would miss out under federal Help to Buy

Exclusive: PBO report finds Help to Buy has lower income and property price caps than generous state program

The Guardian - AU

Cash-strapped Vic Labor set to blow $90 million on greyhound abuse

Victorian taxpayers are handing more than $20 million a year to the greyhound abuse industry even as the grisly toll from its racetracks mounts.

Crikey

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Higgins and Sharaz schemed to ‘ambush’ Reynolds, lawyer tells trial – as it happened

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The Guardian - AU

Changes to Australia’s property tax concessions could net $60bn over decade, crossbench senators say

David Pocock and Jacqui Lambie point to PBO modelling showing budget savings even while continuing existing owners’ capital gains tax discount

The Guardian - AU

Labor won’t outline cost of Melbourne’s Suburban Rail Loop as opposition cites independent estimates

Coalition cites growing estimated costs, while minister cannot say how much the project will slug taxpayers

The Guardian - AU

Cost, timing and US approval: The most crucial AUKUS ‘known unknowns’

How much will AUKUS cost, when will Australia get the subs, and how many will it get? Much is unknown about the submarine deal — here are some of the most crucial unanswered questions.

Crikey

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Stage-three tax cuts cost blowout predicted, with men and the wealthy to benefit most

Adam Bandt decries ‘massive black hole’ after Parliamentary Budget Office analysis puts cost at $313bn over a decade

The Guardian - AU

Warragamba Dam walls may need to be raised for ‘safety reasons’ despite Labor’s vow to drop plan

Exclusive: Controversial plan to raise wall at Sydney’s main reservoir threatens to spill over into Minns government’s first term

The Guardian - AU

Defence reveals 50 per cent 'contingency' for cost overruns inside $368 billion AUKUS project

An almost $123 billion "contingency" has been set aside for Australia's largest ever defence project, according to a new analysis of the AUKUS nuclear submarine program prepared by the Parliamentary Budget Office.

ABC News

Give states $16bn in return for nationwide rent freeze, Adam Bandt says

Freezing residential rents possible, Greens leader to tell National Press Club, thanks to ‘wall-to-wall Labor state governments’

The Guardian - AU

A full list of Labor's election promises for the region

The Newcastle Herald has examined the detail of a range of Labor commitments made during the recent NSW election campaign, including the party's costing requests and the responses.

Newcastle Herald

NSW election: Labor hopeful of win as leader Chris Minns eyes ‘mood for change’ across state

Polls point to victory but Labor faces a difficult electoral map, requiring an additional nine seats to govern in its own right

The Guardian - AU

Independent office corrects NSW Libs over WestInvest

Both major parties say they have the best plan for spending $3 billion in key western Sydney electorates as an independent office says it was misrepresented.

AAP

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The Guardian - AU

NSW election: Labor’s pledges on domestic violence could affect existing services, PBO warns

Parliamentary Budget Office raises concerns that rollout of promised programs could lead to cutting of Legal Aid and police initiatives

The Guardian - AU

NSW Labor labelled ‘amateurs’ by Perrottet after analysis shows election policy risks budget blowout

Chris Minns defends promise to scrap public sector wages cap as party leaders scramble in final week of NSW election campaigning

The New Daily

Labor’s ‘zero-emissions’ bus a fizzer on the campaign trail

There were blushes in NSW Labor on Tuesday, when leader Chris Minns' "zero-emissions" campaign bus ran flat.

Crikey

$2.6b price tag put on NSW Labor plan hours after Minns guarantees higher wages

Labor guaranteed its plan would result in higher public sector wages but independent analysis found it would cost nearly $3b over three years.

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The New Daily

Perrottet on the road, Minns on a run in NSW

Dominic Perrottet is campaigning in Goulburn while Chris Minns has returned to western Sydney as the leaders spruik their policies in a bid to court NSW voters.

The Guardian - AU

Coalition lags Labor in election promises that bolster NSW budget, official costings reveal

State Parliamentary Budget Office estimates Labor’s pledges would improve bottom line by $1.4bn compared to the Coalition’s $97.2m

ABC News

New South Wales Labor's promise to scrap public sector wage cap could cost billions, review finds

Voters will go to the polls on Saturday without knowing the budget impacts of Labor's signature policy to scrap the public sector wage cap, but it is likely to cost billions of dollars.

The New Daily

Legalising cannabis could earn Australia $28 billion, federal figures show

Australia could earn upwards of $30 billion over a decade by legalising and taxing cannabis, according to new PBO costings.

Crikey

Greens to reveal draft cannabis legislation within two months

Analysis from the Parliamentary Budget Office says legal weed could bring in billions in revenue, as well as a tourism boost.

The Guardian - AU

A new ‘build your own budget’ tool reveals just how bad the stage-three tax cuts are

Parliamentary Budget Office tool shows how government could deliver tax cuts and also help those in much more need than people earning over $200,000

Bangkok Post

A better way forward

Bangkok has an image of a gay-friendly city, but LGBTI still face discrimination.

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