UPDATED NET BUDGET IMPACT OF ELECTION POLICIESPosted August 17, 2010
Tony Abbott and the Coalition are desperately trying to patch up their budget black holes.
Mr Abbott is now planning to keep his grocery tax slug in place for the next 10 years.Mr Robb confessed yesterday that he would also have to announce further savings to pay for Mr Abbott’s election spend-a-thon.
Mr Abbott has spent over $30 billion, blown his budget and punched a $3.6 billion hole in the budget surpluses in 2012-13 and 2013-14.
It’s taken Mr Abbott less than one month to almost halve the budget surpluses by spending around a billion dollars a day.
Mr Abbott, Mr Hockey and Mr Robb know the Coalition’s sums simply don’t add up.
They have no plan to return the budget to surplus.Tony Abbott is too big a risk to the budget and the country, because he doesn’t have the judgement or the understanding required to manage our $1.3 trillion economy.
The Coalition needs to come clean and tell the Australian people now what services it will cut or new taxes it will introduce to pay for Mr Abbott’s reckless spending.
In 1996, the Liberal-National razor gang slashed into payments that supported health, housing, and education. Mr Abbott says more cuts are on the way, and these services are at risk.
Only a re-elected Gillard Labor Government has a plan to responsibly manage the Australian economy and bring the budget back to surplus in 2013, while continuing to invest in Australia’s future education, health and infrastructure needs.
Throughout the campaign, Federal Labor has released regular updates of the net budget impact of its commitments, so the Australian people are fully informed when they come to vote on 21 August. The latest update is below.
Federal Labor has submitted all our announced election policies for independent costing under the Charter of Budget Honesty, and will continue to do so in accordance with the Charter provisions.
The net budget impact of our election commitments is updated to reflect Charter costings as they are completed by Treasury and Finance.
The Prime Minister has committed that by election day:
On 21 August, Australians have a clear choice between the Gillard Labor Government’s clear plan to bring the budget back to surplus in 2013 or Tony Abbott, who has no plan and cannot be trusted with the budget or the economy.
Add A Comment