This is what Labor’s Shadow Treasurer Chris Bowen stated on 10 May 2016 as reported by SBS News:
The ritual election costings debate has begun with shadow treasurer Chris Bowen promising Labor will release four and 10-year costings of its policies.
But the bottom line won't be revealed until the latter part of the campaign, "after we've announced the last bulk of our policies", Mr Bowen told the National Press Club on Tuesday.
"That will enable us to say more about the trajectory back to budget balance," he said.
Labor would stick with the independent Parliamentary Budget Office for its costings, rather than submitting policies to Treasury, Mr Bowen said.
"They are well resourced, competent people and if there is a dispute between the Treasury and the Parliamentary Budget Office as to costings, that does not automatically mean that the PBO is in some way in error," he said.
Mr Bowen also said while Treasury was an arm of the government, its secretary was not a political play thing and he would work with the Abbott-appointed head John Fraser.
This is what Chris Bowen also clearly stated in 10 May 2016 media release:
Labor is the only party setting the economic agenda.
If elected, we will:
*Deliver an economic statement within three months of being elected to protect Australia’s AAA credit rating.
Implement our productivity-enhancing economic agenda, including our plan to deliver once-in-a-generation school reforms, lifting educational outcomes and boosting GDP.
*Deliver our $10 billion infrastructure facility which will create approximately 26,000 jobs and add around an extra $7.5 billion to Australia’s GDP every year.
*Reform negative gearing and Capital Gains Tax, stimulating new housing construction and putting the great Australian dream back within reach of working and middle-class
Australians.
* Making record investments in the renewable energy sector preparing our economy for a less carbon-intensive world.
As for any possibility of a minority government after 2 July 2016, SBS World News Radio reported on 10 May 2016:
Voting preferences dominated discussion across all major parties.
It stemmed from Greens MP Adam Bandt raising the prospect of forming an alliance with a minority coalition or Labor government in the event of a hung parliament.
Prime Minister Malcolm Turnbull, whose party has ruled out governing with the support of the Greens, used the occasion to warn of a return to a past political scenario.
"Why would we run the risk of having another Labor-Greens independent government, another hung parliament, which is plainly in contemplation of the Labor party, it is plainly in the enthusiastic contemplation of the Greens, and we know what the price will be: people smugglers back in business, much higher taxes even than those already contemplated by Labor and a much higher carbon tax even than that already contemplated by Labor."
Bill Shorten, too, appeared quick to quash the idea.
"Every time you see a Green politician saying they are against the Liberals, then why are they making it easier for the Liberals to get elected in the suburbs and regions of Australia. Or, can I put it another way to Mr Bandt and the Greens, tell them they are dreaming. No deals with Labor about forming a coalition."
This was Treasurer Scott Morrison of the Turnbull Coalition Team in a media release sent from Coalition Campaign Headquarters 2016 (CCHQ 2016):
Image @latingle
As journalist Laura Tingle observed on 11 May; Is the government just a little panicky here?
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