The Albanese Government will unveil another round of powerful bill relief in Tuesday’s budget giving every household a $150 rebate from July. The opposition has slammed the hand-out, but will not stand in the way of the measure passing through parliament.
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00:00On the eve of an election, the Nation's Numbers man knows his fourth budget could be his most
00:09pivotal yet.
00:10Budget night will be all about our progress to here and our plan from here.
00:15After back-to-back surpluses, this budget will be in deficit.
00:20Even so, the Treasurer's promising...
00:22Hip pocket help for households.
00:24Labor's already unveiled a multi-billion dollar plan to make medicines cheaper and boost bulk
00:29billing rates.
00:30Tuesday's budget will deliver more help, extending power bill relief for six months.
00:36From July, $150 for every household, at a cost to the budget of $1.8 billion.
00:44Cost of living support that will also have an effect of putting downward pressure on
00:49inflation.
00:51Before the last election, Labor promised power bills would fall by $275 this year.
00:57Instead, they've only gone up.
01:00Without our assistance and without our interventions here, electricity would be more expensive.
01:04The Treasurer hinting this rebate may not be the last.
01:08We'll keep that under review from budget to budget.
01:11As coal-fired power stations close, the Coalition's been critical of Labor's renewables-led transition.
01:18It's taking a vastly different policy to the election, promising more gas...
01:22To put downward pressure on prices.
01:24And from mid-2035, nuclear reactors.
01:28But when pressed on the cost, the shadow Treasurer appeared reluctant to put a figure on it.
01:33I'm just asking what it's going to cost Australia to build nuclear power plants.
01:3744% less than the alternative.
01:39Just so people can understand what the cost is.
01:42Well, 44% less.
01:43His leader was more forthcoming, referring to modelling the Coalition commissioned itself.
01:48Now the cost of that is $331 billion, which is $263 billion less than what Labor's proposing
01:54in their energy system.
01:56Peter Dutton's promising to flesh out his policy offerings after Tuesday's budget.
02:01Whether it's cuts to the public service...
02:04There's no ambiguity here.
02:05Or cuts to permanent migration...
02:07No ambiguity about this.
02:09The details have so far been elusive.
02:12We will provide a big announcement this week.
02:15As Tuesday's budget approaches, Labor believes momentum is finally on its side.
02:22Even MPs have sensed the shift and want Peter Dutton to unveil more than a big announcement.
02:28They want a plan to present to voters.