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The Guardian - AU
The Guardian - AU
National
Paul Karp Chief political correspondent

Redesigned stage-three tax cuts among options that could halve $50bn budget deficit, report says

Deficit Grattan Tax Cuts Sussan Ley Labor Australia Coalition The Grattan Institute
Jim Chalmers
The Albanese Labor government has not ruled out changes to the operation of the stage-three tax cuts as pressure to reduce the budget deficit mounts. Photograph: Lukas Coch/AAP

The government could almost halve Australia’s $50bn budget deficit by redesigning stage-three tax cuts, introducing further changes to tax breaks on superannuation and charging a 10% royalty on offshore gas, according to a new report..

The report by the Grattan Institute presents a menu of options it believes could take a bite out of the $50bn-a-year structural deficit facing the federal budget.

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