Liberal National Party can't fund promises: Labor

Queenslanders will see "core and non core" promises emerge from a Liberal National Party government, Treasurer Andrew Fraser predicts.

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Queenslanders will see "core and non core" promises emerge from a Liberal National Party government, Treasurer Andrew Fraser predicts.

Mr Fraser on Wednesday released Labor's election policy costings, telling reporters the LNP would never return the budget to surplus or find budget savings to fund its at least $4 billion in promises.

Of Labor's $1.792 billion in commitments, $1.04643 billion is funded from additional GST allocation and $745.17 million is funded from existing budget allocations or savings, Mr Fraser said.

They have been signed off by an independent assurance panel, of former KPMG national audit partner John Brown and Professor James Guthrie.

Mr Fraser said the source of funding for Labor's policies had been explained day by day.

By contrast the LNP had announced a day-by-day "spend-a-thon".

"What Mr Newman and (deputy opposition leader Tim) Mr Nicholls have done is say 'don't you worry about that', day by day," Mr Fraser said.

He predicted an LNP government would use a commission of audit to back out of the programs it has promised voters.

"That commission of audit will come up with a whole range of circumstances which Mr Newman and Mr Nicholls will hold up in a document that is just invented ...

"And (they will) use it as an excuse to sidestep all of their policy commitments.

"You'll see from Mr Newman and Mr Nicholls ... should they be premier and treasurer, within six months, a set of core and none core promises."

The LNP could not fund its election promises without cutting staff, programs, or hiking fees and charges, Mr Fraser said.

"The idea that there's $4 billion there for Mr Newman to go and tap is I think, fanciful," he said.



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