The ‘Oscars for political nerds’ or a threat to democracy? Grab a ticket, it’s Canberra’s budget fundraiser season

They’re dismissed as boring, little more than a “selfie” opportunity for economy nerds – or even labelled a threat to democracy. But as budget week approaches, the major parties are once again spruiking fundraising dinners and drinks for their most loyal followers – and slugging them for thousands of dollars. A seat at Labor’s budget night dinner on Tuesday, 12 May, with the prime minister, treasurer and senior ministers, costs $5,500, up from $5,000 last year. The event is being held somewhere in the “Canberra CBD”, according to Labor sources. The Federal Labor Business Forum (FLBF) – a major fundraising arm for the party – will also host a more casual networking function for $2,000 per ticket. MPs and ministers are expected to attend the event likely to be held at the National Press Club. Sign up for the Breaking News Australia email A top-tier membership to the FLBF costs more than $100,000 and gives holders about 25% off their tickets. Companies, including Westfarmers and Sportsbet, have reportedly held top-tier memberships. Thursday will be the big day for the opposition leader, Angus Taylor, and the Coalition’s coffers. A ticket to the Liberal and Nationals budget-in-reply dinner costs $3300. Publicity for the dinner promises a “great opportunity to hear directly from the leaders and to discuss … the Coalition’s plan for the future”. It will be held at the Hotel Realm ballroom, which has a capacity of up to 500 seated guests. …