Australia news live: Labor to slash $1bn in spending on consultants and contractors in federal budget

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Government hypes savings ahead of budget Later today Minister for Finance Katy Gallagher is expected to announce the 2024-25 Budget will include an additional $1 billion in savings from reducing spending on consultants and contractors. The $1 billion save will comprise $625 million allocated across government agencies in 2027-28, consistent with the approach taken in the October Budget, plus an additional external labour levy of $375 million over four years from 2024-25.

This save is in addition to the $3 billion in savings from reducing spending on external labour that the Government delivered in the 2022-23 October Budget, bringing the total savings delivered to $4 billion. Gallagher: While the Liberals talked tough about capping public service numbers when they were in government, in reality they were spending billions outsourcing the work to keep the public service headcount artificially low.

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