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

As major parties once again spruik budget night events at thousands of dollars a ticket, some MPs say they resent the ritzy social galas Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast 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. A top-tier membership to the FLBF costs more than $100,000 and gives holders about 25% off their tickets. Companies, including