Both Labor and the Coalition claim they could achieve forecast surpluses after releasing their costings
Victorian Labor and Coalition parties have released their campaign pledge costings. Both have revealed they intend to draw on the state’s contingency funds.Victorian Labor and Coalition parties have released their campaign pledge costings. Both have revealed they intend to draw on the state’s contingency funds.
Under Labor’s election costings, which were checked by the state’s treasury, a re-elected Andrews government could achieve a budget surplus of about $1bn in 2025-26. This is a year after the Liberals costings have forecast a $2.1bn surplus if the Coalition wins power.Labor’s costings shows a total of $11.6bn in election promises, of which more than $5bn worth of commitments have no specified timeline over the next five years. These include up to $1.
“The government will go about it diligently and consistently and it will get delivered like everything else,’ he told reporters. Under the Coalition’s costings – prepared by the state’s parliamentary budget office, the key election pledge toWhen offset against hospital spending, health funding and measures to help halve the state’s elective surgery waitlist, $3.1bn would be leftover, which will be allocated to the health system.
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