From www.themandarin.com.au: Treasurer Jim Chalmers announced that the Albanese government plans to achieve around $6.4 billion in budget savings by reducing non-wage expenses, including commercial property leases, due to the commitment to flexible work arrangements.

As leases roll off and commercial rents decline significantly, the government aims to capitalise on these savings through leasing agreements that take advantage of favourable conditions in the property market.

Significant savings are projected to occur in the latter years of the budget cycle, particularly from 2027-29, amounting to $4 billion during that period.