Labor will go to the election promising larger debt and deficits than the Coalition, but argue the extra spending is necessary to lift productivity.
Federal Labor will go to the election on Saturday promising larger debt and deficits than the Coalition, but argue the extra spending is necessary to lift productivity.
Opposition Leader Anthony Albanese meets with children and early childhood educators during a visit to the Goodstart Early Learning Centre in Kalamunda, WA.Labor’s full policy costings, including its budget deficit forecasts for the four-year, forward estimates, will be released towards the end of this week.about the need to prioritise the quality of spending over quantity.
He said Labor’s signature policy, a $5.4 billion increase to childcare subsidies, would return $2 to the economy for every $1 invested. Based on statements made by MPs and shadow ministers, the government estimates about another $5 billion has been pledged in the form of hundreds of smaller grants.Labor has also agreed to adopt almost every government policy, such as an extension of the Commonwealth seniors health card and the freezing of deeming rates for pensioners, while it outbid the government on reducing the price medicines under the Pharmaceutical Benefits Scheme.
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