As Scott Morrison prepares to deliver his third budget, Australia’s longest serving treasurer says ‘most Australians will be dead’ before the national debt is paid off. All the days events, live

There is still that (arbitrary) figure of the 23.9 per cent “handbrake” Scott Morrison wants to put on tax, with the government planning on legislating a tax-to-GDP-ratio.

Chris Bowen is not a fan:

.@Bowenchris: What @scottmorrisonmp is talking about when he says 23.9 per cent is one, a handbrake on budget repair and two, leaving future generations to pay off the debt.

MORE: https://t.co/VwFo5sESkV#amagenda #Budget2018 pic.twitter.com/REYOBzZRi9

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Bob Hawke is still in hospital, but we are told he is “fine” and just in for some tests.

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