Federal Election 2025: Coalition promises billions | Australian Markets
The Coalition has launched its election coverage costings, promising “a $14bn bottom-line budget improvement over the forward estimates”.
Announcing the long-awaited accounting on Thursday, shadow treasurer Angus Taylor slammed Labor’s handling of the financial system over the previous three years and warned Australia was heading towards “$1.2 trillion of debt”.
“In contrast … what we’ve announced today is a $14bn bottom-line budget improvement over the forward estimates,” Mr Taylor instructed reporters in Sydney.
“But on top of that, we’ve laid out a $40bn improvement in the debt position over that same time period.”
He promised “the biggest improvement in the budget position” whereas spruiking the Coalition’s flagship speedy cost-of-living reduction measures – slicing the fuel excise by 25 cents a litre for 12 months and a $1200 “a tax cut for first home buyers”.
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