Prime Minister Anthony Albanese set to put brakes on spending

“I’ve made it very clear there is a range of things that I would like to do that we won’t be able to do in our first budget,” he said.

“We will also be going through, line by line, looking for the waste which is there.

“And, already, we’ve identified a range of measures that were made by the former government that, frankly, don’t stack up.

“And we’ll be taking appropriate action through Katy Gallagher, as finance minister, and Jim Chalmers, as the treasurer. And our ERC is already working very hard.”

When ABC 7.30 host Leigh Sales asked the prime minister about the theme and goal of the budget, Albanese said the first would be getting rid of “waste and rorts” and the second would be delivering on Labor election promises.

He named childcare funding, the creation of Jobs and Skills Australia and the climate policy to cut carbon emissions and invest in the electricity grid as examples.

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Greens leader Adam Bandt is urging the government to abandon the personal income tax cuts that were legislated in the last term of parliament but are not due to take effect until the next few years, but Albanese did not indicate a shift in his stance when Sales asked him about the cost to the budget.

“Can you really go ahead with that in an environment where you have high inflation and pressures on things that you want to spend money on like the NDIS?” she asked.

“Well they are legislated and one of the things that people have a right to believe is that when a politician makes a commitment before an election, they keep it, and I intend to do just that,” Albanese replied.

“What we need as well is to have that certainty. People made assessments based upon the certainty that comes through legislated tax changes and we intend to fulfil that, Leigh.”

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