Editor’s Picks 13 September 2016 at 5:27 GMT

Aussie budget gets $4.8bn boost as PM wins savings

Australian Prime Minister Malcolm Turnbull’s bid to rein in a budget deficit has been boosted after the main opposition backed a package of laws that will result in $A6.3 billion ($4.75 billion) of savings. Jason Scott writes the government has secured agreement from the Labor Party for its so-called omnibus bill to pass in the Senate, where the ruling Liberal-National coalition lacks a majority. A year after seizing power from Tony Abbott in a Liberal lawmaker vote, Turnbull’s political fortunes have ebbed after leading the government to a narrow victory in a July election.
Read full article at Bloomberg


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