Finance minister reveals a further $2bn in savings in Tuesday’s federal budget

Labor has found more than $2bn in budget savings as it spruiks its record in cutting and re-directing former Coalition government spending to fund its agenda.

Led by the finance minister, Katy Gallagher, the government has embarked on a three-year long process of axing or shifting funding to help repair the budget bottom line and free up space for its own spending priorities.