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No costings, no excuses

Posted by: Staff writers | 31 January, 2013 - 7:24 AM
Wayne Swan

4BC News: Treasurer Wayne Swan has challenged the opposition to reveal how much its election promises are going to cost once the federal budget numbers are released in May.

Mr Swan says the government will account for its big spending on education and the national disability insurance scheme through savings in the budget on May 14.

With the federal election date set for September 14, the opposition has no excuse not to reveal its costed policies after the budget is brought down, the treasurer told ABC TV.

"Failure to do so will very clearly indicate what their agenda is, which is not to put out detailed policies based on forecasts based on either information from the budget or the Parliamentary Budget Office," he said.

The opposition's strategy was to release as little of their costings as possible, he said.

"They're out there saying that they will have lower deficits, lower taxes and of course more spending," Mr Swan said.

"That is just a magic pudding."

Shadow treasurer Joe Hockey has said the May budget numbers will be questionable and the coalition would rely only on figures from the pre-election fiscal outlook (PEFO).

The departments of Treasury and Finance will release the PEFO 10 days after the writs for the election have been issued on August 12.

Mr Hockey said on Wednesday the coalition had submitted more than 50 initiatives to the Parliamentary Budget Office for costing, but it was struggling to get through them.

Blog comments Your Say

  • Dear R family ~ Thank you for alnliwog us to create these fun portraits of your little girlie's first birthday! She is a doll and we really enjoyed our time with you!! Can't wait for you to see more!

    Danach Wednesday 27 February, 2013 - 2:01 PM
  • Gee Rich

    Have you ever wondered what the effect on Australia would have been if 50 Billion wasn't spent creating jobs.

    Yeah harry, We would be 50 billion dollars less in debt.

    The maths wasn't that hard at all.

    Rich Thursday 7 February, 2013 - 8:51 AM
  • Come in Spinner
    Gotta love this idiocy " It is very good of you to point out the habitual thief in the Liberal party and no honest person could support her. But she was flicked. Perhaps that massive intellect of yours could sum the Australian revenue that was allegedly stolen by Obeid Thomson and Slipper and then do a credible comparison to the pathetic shoplifter."
    Firstly she was allowed to stay in Parliament until and after her charges were heard without any personal attacks, she then resigned of her own accord.
    Secondly Thomson is facing unproven criminal charges on events that happened before he entered Parliament. No taxpayer funds involved.
    Thirdly Obeid is facing an enquiry into his business dealings and using his position to gain inside information. No Taxpayer funds involved.
    Thirdly Slipper is facing unproven charges of using Cabcharge dockets. The events occurred when he was considered a valuable member of the Liberal Party and close friend of Abbott. It was taxpayer money.
    Hate to have you as my lawyer.

    Bob Lord Thursday 7 February, 2013 - 8:23 AM
  • Oh Dear
    Australia's mental health system is in poor state and you make it obvious that something has to be done about it as soon as possible. Another good policy for the PM is in the offing here i believe.

    Eric the Great Thursday 7 February, 2013 - 6:16 AM
  • Great day in Parliament today with no one disgracing themselves and parties sticking to policy discussions. "Reducing" Joe Hockey scored some points with brochures about the now no more Labor surplus. The Mad Monk seems to have a death wish by asking questions about super when his stated policy is to reduce super for 3.6 million low earning Aussies - nuts.
    Usual argy bargy of the Westminster system.
    Pity I have a life and have to miss it for a few days.
    Pretty siyre rich will strep in and misinform people.

    Bob Lord Wednesday 6 February, 2013 - 10:00 PM
  • Hmmn FEDUP
    You should see the massive Bradford insulation factory just down the road from me, employed hundreds at its peak. Solar panels are still being installed and you can still buy German or Chinese, all installed by Australians.
    Jobs, jobs, jobs.
    These schemes employed thousands at a time when Australia was .1% away from an official recession. According to Rich the government bought us back from the brink and created boom times.

    Harry Wednesday 6 February, 2013 - 5:21 PM

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