Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
National
Josh Taylor and Nick Visser (earlier)

Federal budget deficit running $4.8bn better than expected – as it happened

Jim Chalmers
Treasurer Jim Chalmers in Brisbane earlier this week. Photograph: Russell Freeman/AAP

What we learned; Friday 30 May

We will wrap up the live blog here for the evening. Here’s what made the news:

Enjoy your evening.

Updated

Farmers given temporary reprieve from Victorian emergency services levy

Farmers will be temporarily spared from paying a hiked emergency services levy as drought support is expanded statewide in Victoria, AAP reports.

An extra $37.7m has been earmarked for drought relief in Victoria as paddocks and dams run dry after low autumn rainfall.

A Victorian drought relief package, which includes $5000 grants, will be made available across the state after previously being limited to 24 local government areas.

Its expansion means all farmers will not pay the increased rate for the expanded emergency services levy in the 2025-26 financial year.

Their rate will remain at the same level as 2024-25 and automatically applied to notices for primary production properties.

The expansion of drought support was based on Bureau of Meteorology and Agriculture Victoria advice that the worse case for May rainfall had been realised, the premier, Jacinta Allan, said.

“All of Victoria is being now recognised as being affected by drought,” she told reporters in Fiskville on Friday.

Under the original changes to the levy from 1 July, the average annual bill was expected to rise $678 for primary producers and $63 for residential homeowners.

Spooked by the backlash, the Allan government lowered the rate for farmers and introduced rebates for CFA and SES volunteers and life members.

The expanded levy was meant raise an extra $2.1bn over the next three years to cover more emergency service agencies in the face of more frequent and intense natural disasters.

The treasurer, Jaclyn Symes, said the recent tweaks would leave the budget $73m worse off but she remained confident of delivering an operating surplus of $600m in 2025-26.

Updated

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.