Pre-Budget Deficit: Tony Abbott and the Coalition

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‘Deficit’ – A Dirty Word In Politics

Minister for Finance, Penny Wong has released an eight page booklet outlining the ALP’s costings of the opposition’s policy pledges entitled Pre-Budget Deficit: Tony Abbott and the Coalition. Of course, the public doesn’t expect all such pledges to be implemented, but if they were, Labor predicts that the Coalition would put the budget $9 million into deficit, in 2012-13. The figure does not include savings the Coalition has promised to find: it is to be noted that the Coalition has failed to point out where these savings were to be made.

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