Calls by the Coalition to extend the fuel excise reduction were poll-driven and would cost $3 billion, Jim Chalmers said.
calling the move a poll-driven exercise that would cost the budget $3 billion.
“The fastest-growing area of government spending in the budget is actually servicing the debt that we’ve inherited because as interest rates rise, it becomes more expensive to pay that back.”as part of a package to help with the cost of living.The 22 cents-per-litre reduction is scheduled to expire at 11.59pm on September 28. At the time of the budget, the then-Coalition government said there could be no extension given the measure would cost $3 billion for just six months.
After publicly calling for the extension in parliament on Monday, Mr Dutton told his party room on Tuesday the conditions which warranted the reduction in the first place had not gone away, and it was now incumbent on the government to justify why there should not be an extension. Mr Chalmers said the call flew in the face of recent comments by shadow treasurer Angus Taylor and shadow finance minister Jane Hume that the Coalition had returned to fiscal conservatism after the big-spending pandemic years.
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