The Federal government announced its 2023 budget last night.
Every budget has no past, only a future. It’s all about variations, decisions and speculative forward thinking. Forward estimates are meaningless. No one ever said hey, three years ago you predicted that…
Anyhow, this years budget outlined announced some new funding initiatives as outlined below.
Environmental Funding
New spending outlined in the budget for the environment include:
- $1 billion over the next four years to strengthen Australia’s biosecurity system.
- $1.3 billion to establish a fund to support home updates that improve energy performance and save energy, including low-cost loans for double glazing and solar panels.
- $741.3 million over 5 years to support environmental and agricultural programs through the Natural Heritage Trust.
- $355.1 million over four years to protect federal national parks and marine reserves.
Cuts and revenue:
- $2.4 billion in savings over four years due to changes to the Petroleum Resource Rent Tax
- $872.5 million in savings over 11 years by cutting projects in the National Water Grid Fund, including $595 million allocated for the Dungowan Dam.
But rest assured the government will splash an additional $159 million over the next four years, and about $40 million a year going forward, on themselves. Every parliamentarian will receive “additional frontline electorate staff resources”, as well as a boosted traveller expense allowance, which the government says will help politicians “be engaged and responsive to the increased needs of the community”.
Surprisingly, there is never any cost savings on politicians expenses in budgets, is there?





