Federal budget: Labor to collect billions more in petroleum resource rent tax
by Paul Karp Chief political correspondent from World news | The Guardian on (#6BGTT)
Treasurer Jim Chalmers and finance minister Katy Gallagher announce changes ahead of budget tipped to be at or near surplus
Labor will cap deductions to collect $2.4bn more in petroleum resource rent tax over four years and boost community services by $4bn through fairer indexation of wage costs.
The two major measures were announced by the treasurer, Jim Chalmers, and finance minister, Katy Gallagher, ahead of Tuesday's budget, which is expected to be at or near surplus.
Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup
Continue reading...