Shadow Treasurer Jim Chalmers says the difference between the major parties' budget bottom lines is “entirely explained” by investments in three key areas which will grow the economy without adding to inflation.
Shadow Treasurer Jim Chalmers says the difference between the major parties’ budget bottom lines is “entirely explained” by investments in three key areas which will grow the economy without adding to inflation.
Mr Chalmers and shadow finance minister Katy Gallagher held a press conference on Thursday afternoon where they released Labor’s costings ahead of the federal election on May 21. “If you look at that $7.4 billion difference between the budgets – you add up training and universities, cleaner and cheaper energy and childcare – which are arguably the three policies that will get us the best bang for buck,” Mr Chalmers said.
“What we are anticipating is that the economic return on those investments will dwarf the investments themselves. We think that that’s worth it.”
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