Politics

Chalmers raids public sector spending to find $7.2b in savings

Labor is vowing to clamp down on consultants as part of its cuts, while Angus Taylor is promising a mini-budget if the Coalition wins the election.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Labor has announced its own raid on the public sector to help pay for a $7.2 billion blowout in pre-election promises, amid a warning by Standard & Poor’s that Australia’s AAA credit rating may be at risk if debt and deficit worsen.

Shadow treasurer Angus Taylor, who will release his policy costings this week promising a stronger bottom line , revealed that if elected, the Coalition would hand down a mini-budget in the second half of next year, focused further on budget repair. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.

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