Savings found in budget update as blowouts add up
LABOR has found savings to the tune of tens of billions of dollars in the budget update to cover other areas, as the subsidised home battery scheme blows out by almost $5 billion. Treasurer Jim Chalmers will hand down the mid-year budget update on Wednesday, revealing on Sunday a scheme originally slated to cost $2.3 billion will now rise to $7.2 billion. But without changes announced at the weekend by Energy Minister Chris Bowen, that figure would have increased to an eye-watering $14 billion. Dr Chalmers said the government will be spending more on this program, but not as much had