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The Latest Breaking News from PBO

Criticism of Treasury head for lunch costings 'rubbish'

The Treasury secretary has no case to answer for costing an opposition policy, his predecessor says, amid accusations of politicisation.

AAP

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

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

This blog is now closed

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

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

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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

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

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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.

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

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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.

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.

AAP

Tax bracket creep could repair budget

Tax bracket creep can reduce government debt but comes at the expense of tax efficiency and fairness, the Parliamentary Budget Office says.

ABC News

Negative gearing and capital gains tax discount set to cost the budget $20 billion a year within a decade

The cost of negative gearing is set to more than triple as interest rates rise and, with it, the capital gains tax discount is expected to cost the federal budget more than $20 billion a year within a decade.

The Guardian - AU

Tax concessions for housing investors to cost $20bn a year within a decade, analysis shows

Parliamentary budget office report shows high income earners will benefit most from negative gearing and capital gains tax concessions

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