Southern Gazette (South Perth) - - NEWS -

La­bor is mak­ing its plans for the budget over both four and ten years and we will have more sav­ing than spend­ing over the decade. La­bor be­lieves in re­turn­ing the budget to bal­ance in a way that sup­ports eco­nomic growth over the next four years. That’s why our budget sav­ings, like re­duc­tion of neg­a­tive gear­ing, will build over time and de­liver a sub­stan­tial fis­cal div­i­dend over the medium term.

The Lib­eral Govern­ment promised to fix the budget. Af­ter three years, the in­de­pen­dent Pre-Elec­tion Eco­nomic and Fis­cal Out­look shows the budget deficit has tripled since 2014 with net debt now $100 bil­lion more than when the Lib­er­als came to power.

The Lib­eral Govern­ment has put Aus­tralia’s AAA credit rat­ing at risk.

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