Albanese proposes government spending to aid recovery in budget reply speech

In his budget reply speech, Anthony Albanese has flicked the switch from “we’ll have policies before the next election” to “here, have three policies”.



a man wearing a suit and tie: Photograph: Mick Tsikas/AAP


© Provided by The Guardian
Photograph: Mick Tsikas/AAP



a man wearing a suit and tie looking at the camera: Anthony Albanese says Labor will lift the childcare subsidy, map a plan to encourage more trains and modernise the grid, lowering energy prices and creating jobs.


© Photograph: Mick Tsikas/AAP
Anthony Albanese says Labor will lift the childcare subsidy, map a plan to encourage more trains and modernise the grid, lowering energy prices and creating jobs.

So what were the big ideas the Labor leader unveiled on Thursday night?

Rewiring the nation

Labor will invest $20bn (off budget) to establish a government-owned entity, Rewiring the Nation Corporation, to rebuild and modernise the electricity grid.

Think of it as the NBN Co of the electricity grid, a government body to make investments in infrastructure we all use that delivers an economic benefit but may not be built quickly (or at all) by the private sector.

Related: The arts sector is already suffering. This year’s budget

Read More