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Oppn must come clean on costing: Rudd

The Treasury and Finance departments will release the Pre-Election Economic and Fiscal Outlook statement on August 13.

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Source: AAP


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Prime Minister Kevin Rudd says the clock is ticking for Opposition Leader Tony Abbott to show the coalition's policy costings.

The Pre-Election Economic and Fiscal Outlook (PEFO) will be released on Tuesday by the Treasury and Finance department, an independent update on the state of the federal budget, in particular the budget bottom line, and the Australian economy.

"The clock is now ticking," Mr Rudd told reporters in Brisbane.

"Four days, and we are counting them off one by one by one by one until Mr Abbott must come clean with his bottom line for the Australian people."

He said a Labor analysis has found that the opposition's planned cut in the company tax rate to 28.5 per cent from 30 per cent will leave them $5 billion short in their numbers, and accused him of double counting.

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But Mr Abbott said he outlined $17 billion of "significant savings" in his budget reply speech in May.

"Our full list of saves and spends will be out there for the public to consider in good time before the election," Mr Abbott told reporters in Devonport, Tasmania.

"And the budget bottom line will be better under the coalition than under the Labor party."


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