An extra $21bn on the military would take spend to 2.5% of GDP. Follow today’s news live
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And here are the five key takeaways from the debate, one of which being “do we really need another one on Sunday?”
The Coalition’s election commitments now total more than $50bn – not including the new defence announcement, according to Labor analysis which it is using to pressure Peter Dutton to reveal his own numbers as the 3 May poll fast approaches.
With just 10 days left in the election campaign, neither Labor or the Coalition have released their election costings, which would detail the impact of their commitments – including any proposed cuts – to the budget bottom line.
Labor will on Wednesday release its own analysis of the Coalition’s election promises, which puts the cost of proposed spending at more than $50bn.
The figure tallies up the cost of almost 25 policies, including;
$10bn one-off income tax cut for low-to-middle income earners.
$6bn to halve the fuel excise for 12 months
$5bn housing infrastructure program
$1.5bn for Melbourne airport rail
$1bn for gas infrastructure fund
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