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Budget Analysis: Australia’s three major political parties speak with Ticker News

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The Australian Government’s 2021 federal budget was handed down last night, with leaders spending big to lock in the nation’s Covid-19 recovery.

AAP Image/Mick Tsikas

It’s being dubbed by the Morrison government as the most crucial budget since World War II, with more than $53 billion in new stimulus payments and funding being allocated for key ­services.

The winners? The country’s vaccination rollout program, women, the aged and child care sectors, major infrastructure projects, business owners and taxpayers.

The losers? The climate, renewables, universities, and international tourism were just a few of the areas which didn’t receive as much attention – from a financial point of view.

But what did the country’s three major political parties have to say? We spoke with Federal Finance Minister Simon Birmingham, Greens Leader Adam Bandt, and Labor Senator Katy Gallagher.

SENATOR SIMON BIRMINGHAM – MINISTER FOR FINANCE, LIBERAL PARTY OF AUSTRALIA

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Birmingham says the budget plan is one which is measured and prudent, with a focus on ensuring a sustainable debt profile.

He applauds Australia and his government for its pandemic response, particularly when comparing the nation’s economic position to many other country’s around the world.

The Finance Minister believes the budget has many measures designed to help ensure Australia’s productivity continues to grow.

He says the Morison government has implemented a series of reforms and incentives to generate innovation culture in Australia, and promote sustainable and positive long-term outcomes.

In terms of the housing bubble, Birmingham speaks of expanding government-guaranteed support for first home buyers, which will allow more young people to enter the property market.

Focussing on women, the minister applauded the introduction of economic security streams which have been introduced to support the female population.

ADAM BANDT MP – LEADER OF THE AUSTRALIAN GREENS PARTY

Australian Greens

On the other end of the political spectrum is Greens Leader, Adam Bandt who says the budget is only good for “the billionaires and big corporations”.

Bandt slams the $50 billion handouts and subsidies for the coal and gas industries and the $1.1 billion for new coal and gas projects during a “climate crisis”.

He argues it’s ridiculous that the budget has $62 billion allocated for the super-rich, all whilst the government’s own forecasts anticipate further wage cuts.

The Greens Leader was not surprised by the budget, and spoke about the “trickle-down effect”, whereby subsidies and handouts will eventually be passed down to low and middle-class citizens.

Will the budget promote any real change? Bandt says this level of spending could have turned Australia into a green energy superpower. But instead, it promotes coal and gas.

Bandt talks of global summit leaders from around the world now having to hold back-room meetings to work out how they deal with Australia’s climate stance.

All in all, Bandt is not a fan of the Government and thinks that “pressure is beginning to build” on the Prime Minister and his party allies.

SENATOR KATY GALLAGHER – AUSTRALIAN LABOR PARTY

Dion Georgopoulos/The Canberra Times

Senator Katy Gallagher is a Labor Party representative for the Australian Capital Territory, bringing our budget analysis to a conclusion.

Gallagher says it is extraordinary that there is $100 billion in spending, a massive deficit and a huge debt, yet real workers on the ground are still being left behind.

She believes the budget is more of a “political fix” than a real and genuine attempt to deal with weaknesses in the economy.

The Labor Party would have liked to see better wage forecasts, and they worry that wage growth is not only going to stop – but it’s going to go backwards.

Gallagher thinks the Australian public is looking for more permanent and sustainable solutions to economic, environmental and societal issues.

In terms of the budget’s focus on women, the senator welcomes the money being spent but says the financing lacks any real form of coordinated action to ensure members of the female population are both safe and valued.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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LIVE: U.S. bombs Iranian nuclear sites

Trump confirms U.S. B2 bombers targeted three Iranian nuclear sites.

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Trump confirms U.S. B2 bombers targeted three Iranian nuclear sites.


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President Trump confirms U.S. B2 bombers targeted three nuclear sites in Iran.

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Trump confirms U.S. strikes on Iran as Israel targets top Iranian leaders

Trump confirms U.S. strike on Iran’s nuclear sites amid rising tensions; Israel intensifies operations, Iran vows to continue enrichment, and Houthi militants threaten U.S. shipping.

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Trump confirms U.S. strike on Iran’s nuclear sites amid rising tensions; Israel intensifies operations, Iran vows to continue enrichment, and Houthi militants threaten U.S. shipping.


President Trump has confirmed that U.S. forces successfully struck three nuclear facilities in Iran – Fordow, Natanz, and Esfahan – with all aircraft safely exiting Iranian airspace. The mission, involving B-2 stealth bombers, comes amid rising tensions over Iran’s nuclear ambitions.

Meanwhile, Israel has intensified its military operations, killing three top Iranian military leaders and striking a major nuclear facility in Isfahan. The Israeli chief of staff warned the operation may lead to a prolonged and complex war.

Iran responded by vowing to continue uranium enrichment and said talks with the U.S. are off the table unless Israel halts its attacks. In a parallel move, Houthi militants threatened U.S. and commercial ships in the Red Sea if American strikes continue in support of Israel.

Adding to the volatility, an Iranian drone hit northern Israel, with the IDF confirming the incident—though no casualties were reported. The U.S. State Department is now organising flights to evacuate Americans from Israel.

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Trump announces U.S. strikes on Iran’s nuclear sites

Trump announces successful U.S. strikes on Iran’s nuclear sites, while Israel intensifies its military campaign against Iranian leadership.

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Trump announces successful U.S. strikes on Iran’s nuclear sites, while Israel intensifies its military campaign against Iranian leadership.

In Short:
President Trump announced U.S. strikes on three nuclear sites in Iran, confirming all aircraft left Iranian airspace after the operation. Meanwhile, Israel ramped up its military actions against Iran, leading to warnings from Iranian officials and Houthi militants regarding potential escalations.

President Trump announced on Saturday that the United States had successfully completed strikes on three nuclear sites in Iran: Fordow, Natanz, and Esfahan.

In a social media post, he confirmed all U.S. aircraft had exited Iranian airspace following the operation.

This military action was preceded by the deployment of stealth B-2 bombers from Missouri, capable of carrying the GBU-57 bunker buster, a powerful weapon considered effective against the Fordow uranium-enrichment facility.

Trump had earlier indicated to senior aides that he approved attack plans for Iran, awaiting Tehran’s decision on its nuclear program.

Meanwhile, Israel’s military intensified its operations against Iranian military leaders and nuclear sites, announcing the elimination of three senior Iranian figures and strikes on the Isfahan facility. Israel’s military chief warned of a potentially prolonged conflict, describing it as the nation’s most complex military undertaking.

In response, Iranian officials stated their refusal to halt uranium enrichment and indicated that negotiations with the U.S. would only occur if Israel ceased its attacks.

Additionally, the U.S. State Department announced the initiation of flights to facilitate the return of American citizens from Israel.

Houthi militants also issued a warning to target U.S. and commercial vessels in the Red Sea should American attacks in support of Israel commence.

Amidst this, an Iranian drone attack recently damaged a building in northern Israel, marking an acknowledged drone strike by the Israeli military during the ongoing conflict. No casualties were reported from the incident.

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