Federal Labor has launched its 10-year plan for the economy, promising to focus on education, new industries and fair budget repair.
In a 32-page glossy brochure released on Wednesday, Labor lays out already announced policies as part of its decade-long economic plan for Australia.
Opposition Leader Bill Shorten will launch the plan with shadow treasurer Chris Bowen in Brisbane on Wednesday, pledging a focus on jobs, infrastructure, training and small business.
Mr Shorten says the plan will drive innovation and support economic transition.
"Labor believes that when middle and working class families prosper, when small businesses prosper, Australia prospers," Mr Shorten said.
The brochure repeats targets for education including 95 per cent year 12 completion by 2020 and moving Australia into the top five countries in reading, maths and science by 2025.
It also promises to boost university completions by 20,000 each year from 2020 while repeating Labor's offer of wiping the debt of 100,000 science technology engineering and maths degrees.
Labor's six priorities are:
* Investing in people via education and training
* Building Australia through roads, rail and NBN, including $10b infrastructure facility
* Driving investment in renewables, with 50 per cent clean energy target by 2030
* Supporting innovation and startups, including $500m smart investment fund
* Helping small business through tax cut to 27.5 per cent announced in budget
* Budget repair that's fair with more saving than spending over the decade.
