SKIP TO MAIN CONTENT

Coalition hiding cost blow-outs: Swan

Treasurer Wayne Swan has accused Opposition Leader Tony Abbott of sitting on $27 billion of uncosted election promises and hiding cost blow-outs.

wayne_swan_cpi_100728_L_aap_499202475

1 min read

Published

Updated

Source: AAP


Skip to article content

"The campaign has now really begun to focus Mr Abbott's lack of economic judgement," Mr Swan told reporters at Shorncliffe Pier in his electorate on Saturday.

"We've seen that in his response to his responsibilities under the charter of budget honesty. Mr Abbott has refused to supply for scrutiny over $27 billion dollars of spending commitments."

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Mr Swan said Mr Abbott was misleading voters about being fiscally conservative when he was actually "spending like a drunken sailor".

"Clearly he is trying to hide cost blow-outs which are a threat to our surplus," he said.

"I for one can not understand why Mr Abbott will not work with the commonwealth Treasury to have these policies scrutinised."

"If Mr Abbott does not trust the commonwealth Treasury, how could anyone trust him to run our national economy."

He said the Labor Party was submitting all of its policies for scrutiny.

Mr Swan pointed out that the charter of budget honesty had been drawn up by former Liberal Treasurer Peter Costello.

Comment is being sought from the opposition leader.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world