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Hockey accuses Labor of 'sneaky' costings

The Coalition has accused Labor of sneakily advising voters that government election promises will add $400 million to the budget deficit in two years' time.

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Source: AAP


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The coalition has accused Labor of sneakily advising voters that government election promises will add $400 million to the budget deficit in two years' time.

Labor on Friday posted on its website, without fanfare, the net impact of its promises on the budget between now and 2013/14.

"It's sneaky, it's deceitful," opposition treasury spokesman Joe Hockey told reporters in suburban Brisbane.

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"They didn't have the courage to look the Australian people in the eye, they simply snuck it up on their website 24 hours before the election."

Labor, in its website announcement, says it has made $4.021 billion in new spending commitments which have been offset by $4.065 billion in savings leaving a net gain of $44 million.

But before that, Labor promises will add $553 million to the budget deficit in 2011/12, after producing a saving of $126 million in 2010/11.

Labor says $341 million will be saved in 2012/13 and $131 million in 2013/14.


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