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Finance Minister Mathias Cormann (left), Prime Minister Malcolm Turnbull and Treasurer Scott Morrison in Canberra today.

$6bn in federal budget savings agreed

The federal government has secured opposition support to pass one of the most substantial budget packages since the coalition took office in 2013, making trade-offs on renewable energy funding and welfare payments to pick up about $6 billion in savings.

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melbourne
Gobsmacked! WHOW !I'm married with 4 kids. We both struggle to maintain good jobs and pay the bills. It seems now we are barely better off than if we both stop working entirely! Cutting family Tax Benefit A to our family will result in over a $15,000 cut after tax each year! Seriously thinking about joining the many people enjoying life with their kids not working!

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