The cost of the nuclear-powered submarine program is expected to be approximately $9bn over the forward estimates and between $50bn and $58bn over the medium term. On 14 March 2023, the Australian government, alongside the governments of the United Kingdom and the United States of America, announced the optimal pathway for the nuclear-powered submarine program for Australia under the Aukus trilateral security partnership. Here’s what the budget papers say about one of the “fiscal risks” facing the government – the implementation of the nuclear-powered submarine program: We’ll be back at sparrow fart to bring you more detail on today’s revelations, and a bunch of stories you don’t even know about yet. Melbourne tower residents won $5m compensation over the Covid lockdowns.Ī man who died at a NSW retreat after using Kambo frog toxin was ‘blue in the face’, the inquest heard.Īnd John Farnham has staged yet another comeback - he’s made a full recovery after contracting an infection in hospital for a tumour removal. There’ll be more budget nuggets in the days to come, but here are some non-budget stories from today: Here’s how cartoonist Fiona Katauskas saw the 2023 federal budget. Low-cost loans for double-glazing, solar panels and other energy savers will help more than 100,000 households, while there’s $2bn for hydrogen projects. Lenore Taylor asked if the voters will keep faith with Labor treading the line between helping the vulnerable and fiscal restraint. Treasurer Jim Chalmers kept some tricks up his sleeve for budget day, promising millions more bulk-billed GP appointments, a lift in the Jobseeker rate, rent assistance and more.

See the whole budget in graphs here, or build your own news coverage here.

13.12 BST What we learned Tuesday 9 MayĪfter a disrupted budget cycle (because of the election, and Labor’s October budget last year) the 2023-24 budget landed when it should, on the second Tuesday in May.

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