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The Latest Breaking News from Parliamentary Budget Office

Canada’s proposed east-west energy corridors should prioritize clean energy

Canadian Prime Minister Mark Carney has made establishing east-west energy corridors a priority for Canada. He suggested that such corridors would include new oil and natural gas pipelines, designed to reduce dependence on the United States.

The Conversation

How much do election promises cost? And why have we had to wait so long to see the costings?

With the May 3 federal election less than a week away, voters have only just received Labor’s costings and are yet to hear from the Coalition.

The Conversation

What’s really going on with negative gearing? Here are four paths for change

Many have tried to reform Australia’s controversial tax settings and just as many have failed. Largely absent from this week’s frenetic debate: the options actually on the table

The Guardian - AU

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Greens warn Labor stage-three tax cuts will add to inflation and bring little relief for most workers

Party releases Parliamentary Budget Office estimates that the plan will cost $323.6bn over a decade

The Guardian - AU

Vic projects worth billions could face budget chop

Victoria's independent Parliamentary Budget Office has identified 372 programs at risk of being cut in the state budget unless extended by Treasurer Tim Pallas.

AAP

Can Labor solve the housing affordability crisis while lucrative property tax breaks exist?

The Parliamentary Budget Office warns phasing out property tax breaks may "trigger a significant economic shock". That's why next week's budget is more focused on increasing the supply of housing rather than trying to make housing affordable by reducing house prices.

ABC News

Changes to petroleum resource rent tax estimated to net Australian government $94.5bn

Greens to use Parliamentary Budget Office costing to push Labor to clamp down harder on tax concessions for gas producers

The Guardian - AU

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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

The Guardian - AU

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.

AAP

Government and opposition butt heads over $2 fare cap after new Department of Transport costing

The Victorian Department of Transport's impartiality has been called into question after it was asked by the Andrews government to cost the opposition's policy proposal.

ABC News

South Australian Catholic schools defend receiving tens of millions in JobKeeper funding

Figures show Catholic schools in South Australia received more than 60 per cent of all JobKeeper paid to schools in the state.

ABC News

Western Victoria's passenger train campaign continues 30 years after Kennett's closure

Residents in western Victoria feel forgotten as they deal with poor public transport and inconvenient timetables almost three decades after the Kennett government discontinued passenger trains in the region.

ABC News

The cost of Victoria's Suburban Rail Loop could outweigh its benefit according to new analysis

Victoria's Parliamentary Budget Office says the cost of the state's Suburban Rail Loop would outweigh its benefit to the community.

ABC News

Watchdog casts Vic rail line value doubt

A Victorian watchdog has calculated the cost-benefit ratio for the Suburban Rail Loop's first two parts at between 0.6 and 0.7, lower than previous estimates.

AAP

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The Guardian - AU

Scrapping the stage three tax cuts would save $243bn. How would you spend it?

Tax cuts, or a bullet train, or raising jobseeker to lift hundreds of thousands of people out of poverty? You decide with our interactive guide

ABC News

Independent analysis puts the cost of building and running Victoria's Suburban Rail Loop at $200 billion

Victoria's Parliamentary Budget Office says the first two stages of the Suburban Rail Loop will cost $200 billion to build and operate by 2084-85. The government put total construction costs for the project at $50 billion.

The Conversation

Election promises should be costed before polling day, otherwise it's too late

Wouldn’t you know it? Last Thursday the Parliamentary Budget Office released more than 1,000 pages of costings, for promises in the election we just had.

The Guardian - AU

Labor pledge to scrap the cashless debit card will save budget $286.5m over four years

Government’s election promises will add $6.9bn to deficits over four years, Parliamentary Budget Office says

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Al Jazeera

No limits: Campaign spending spikes ahead of Kenyan elections

The Parliamentary Budget Office has warned that campaign spending could lead to possible inflation in the country.

The Conversation

The teal independents want to hold government to account. That starts with high-quality information

The election of a record number of independents to the House of Representatives will undoubtedly increase pressure on parliament to change how it operates. Already the newly elected independent member for Goldstein, Zoe Daniel, has called for more resources for two key institutions, the Parliamentary Budget Office (PBO) and the…

ABC News

Hundreds of millions of dollars in JobKeeper went to a group of private schools that grew their surpluses to almost $1 billion

Most private schools that took JobKeeper increased their income during the first year of the pandemic, including some of Australia's most exclusive schools.

The Conversation

Elections used to be about costings. Here's what's changed

The last week of campaigns used to be frantic, behind the scenes. In public, right up until the final week, the leaders would make all sorts of promises, many of them expensive, with nary a mention of the spending cuts or tax increases that would be needed to pay for…

AAP

Labor, Liberals fight over policy costings

Labor has hit back at government claims it is failing to fund its election policies, dismissing the accusation as a scare campaign.

The Guardian - AU

Overhaul on offshore gas mega-projects could reap almost $90bn in decade

Greens release costings to support 10% levy as part of policy package to increase tax on big companies and super-rich

ABC News

Labor leader Anthony Albanese forced to clarify whether key health pledge formally costed

Opposition Leader Anthony Albanese has once again been forced to clarify comments he has made on the election campaign trail, hampering efforts to refocus the Labor campaign over the Easter long weekend.

People

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