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Oppn feels no guilt about late costings

Opposition assistant treasurer Mathias Cormann says the coalition's policies will make the economy grow, not drive it into recession.

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Source: AAP


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The coalition feels no guilt about releasing its policy costings so late in the election campaign, shadow assistant treasurer Mathias Cormann says.

Shadow treasurer Joe Hockey will release the coalition's much-awaited costings for its election promises later on Thursday.

While the full list of costings won't be presented as an alternative budget, it's understood there will be a marked improved of the budget bottom line.

The costings are expected to show a $6 billion budget improvement over the next four years that will see a $16 billion reduction in government debt. There will be no cuts to health or education, or changes to the GST.

Senator Cormann was asked on Thursday whether he feels uneasy or guilty about releasing the costings so late in the campaign, and giving the public so little time to digest the numbers.

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"Not at all," he told ABC television. "We've gone through a proper, methodical, structured process.

"You can only release the full tally of your policy costings after you have released all your policies."

Senator Cormann said the coalition had gone through the most rigorous costings process of any federal opposition.

"People can have full confidence that the figure we put forward today ... are credible," he said.

"We've got a plan for a stronger, more prosperous economy, and more jobs."

In an earlier interview, Senator Cormann denied the coalition's planned public service cuts would drive the ACT into recession.

"We just don't accept that," he told ABC radio.

He said the ACT and all of Australia would benefit from coalition policies to produce stronger growth and create more jobs.


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