Albanese's Bold Budget: Resilience & Reforms

0:00Prime Minister Anthony Alvinese is gearing up for a big speech at the National Press Club tomorrow, arguing the Middle East War and oil crisis make. Economic reform, more urgent than ever. He's calling next month's federal budget, his most ambitious yet, saying global shocks demand bold action now, not delays. He's also unveiling a $1 billion economic resilience program to backstruck drivers, freight outfits, fuel makers, and fertilizer producers hit. Start by rising oil costs. That cash pulls from the $15 billion National Reconstruction Fund and hits as interest-free loans starting next fortnight. Cost of living stays the top priority, balanced against reforms like possible cuts to capital gains, tax perks, and a fresh look at gas resource taxes. Recent moves include labor teaming with greens for a parliamentary probe into gas taxation amid calls for a 25 percent levy. Alvinese is hitting back at rivals pushing the stager for the 1950s or copying overseas

1:01playbooks, insisting Australia's future ain't in the rear view. Meanwhile, diplomatic winds roll in, a new alliance with Papua New Guinea, Asia Security Treaty, European Union Free Trade Deal, and United States, critical minerals packed. In shaky times, his government's acting as a shock absorber, buffering global hits, while driving changes that deliver real stability and opportunities. For everyday Aussies, I'm Cory with the story that's your Sydney News Today update, AI-powered, and always on.