The independent Parliamentary Budget Office (PBO) has confirmed the Labor Government\u2019s policies will result in higher debt and deficits.<\/p>\n\n\n\n
Analysis in the PBO\u2019s 2022 Election Commitments Report confirms Labor\u2019s policies will result in a deterioration in the Budget position.<\/p>\n\n\n\n
If fully implemented the Labor Government\u2019s platform will see increased deficits across both the forward estimates and the medium term.<\/p>\n\n\n\n
The independent body has also shown Labor failed to meet the same high standards for transparency during the election campaign. Despite waiting until the eve of the election to publish their costings, the report confirmed Labor\u2019s costings document hid commitments from voters.<\/p>\n\n\n\n
By contrast, today\u2019s independent report confirms the Coalition adopted a transparent and fiscally responsible approach to costing its policies at the election.<\/p>\n\n\n\n
The PBO\u2019s report independently confirms the Coalition\u2019s strong economic management and election commitments would have improved the deficit over the 2022\u201323 Budget forward estimates period.<\/p>\n\n\n\n
The Coalition adopted best practice throughout the campaign by submitting all commitments for independent costing and public scrutiny before election day.<\/p>\n\n\n\n
The independent analysis confirms the Coalition\u2019s Budget was balancing the task of Budget repair while supporting Australians with the rising cost of living.<\/p>\n\n\n\n
This builds on the Pre-Election Fiscal Outlook released in April, which found:<\/p>\n\n\n\n
This is compared to Labor’s poor excuse for a costing document which has finally been independently reviewed by the PBO.<\/p>\n\n\n\n
Shadow Treasurer Angus Taylor said the independent report confirms that every year debt and deficits are higher under Labor.<\/p>\n\n\n\n
\u201cThe impacts of Labor\u2019s increased spending will constrain the government\u2019s ability to provide cost of living relief and Budget repair without increasing taxes,\u201d Mr Taylor said.<\/p>\n\n\n\n
\u201cWith the Budget position confirmed to decline over the forward estimates under Labor, the Government must promise it will not increase taxes and will clearly commit to the previous Government\u2019s tax cap.\u201d<\/p>\n\n\n\n
Shadow Minister for Finance Senator Jane Hume said despite promising greater standards of transparency, it has taken 54 days since the election for the Australian people to learn the full costs of Labor\u2019s policies.<\/p>\n\n\n\n
\u201cThe Government needs to explain to the Australian people why they failed to disclose all their policies and their costs to the Australian people before the election,\u201d Senator Hume said.<\/p>\n\n\n\n
Senator Hume said the Government should explain to Australians why now is the time to send the budget further into deficit.<\/p>\n\n\n\n
\u201cAnthony Albanese has said that if you don\u2019t repair the budget, households wear the cost. Today we\u2019ve confirmed that the Albanese Government\u2019s plans – including those they never costed – will make sure households will wear that cost. They have no plan for fiscal responsibility and no plan to get spending under control,\u201d said Senator Hume.<\/p>\n","protected":false},"excerpt":{"rendered":"
The independent Parliamentary Budget Office (PBO) has confirmed the Labor Government\u2019s policies will result in higher debt and deficits. Analysis in the PBO\u2019s 2022 Election Commitments Report confirms Labor\u2019s policies will result in a deterioration in the Budget position. If fully implemented the Labor Government\u2019s platform will see increased deficits across both the forward estimates … Continue reading “Libs: Independent costings show Budget worse under Labor”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-17375","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=17375"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17375\/revisions"}],"predecessor-version":[{"id":17376,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17375\/revisions\/17376"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=17375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=17375"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=17375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}