A Dutton government's budget would worsen in its first two years, according to Coalition costings, despite planned public service cuts. The projections show a $7.9 billion deterioration, followed by a $21.8 billion improvement, largely from cutting 41,000 Canberra-based public service jobs. Migration cuts would cost $4.2 billion, offset by increased application fees.
The Coalition aims to balance government and household budgets with short-term aid, contrasting with Labor's spending. No timeline for a budget surplus was given.
The public service cuts have drawn criticism. The Coalition plans to fund its nuclear power plan with equity investments, not directly impacting the budget bottom line.
The Coalition offered no new details on migration cuts. The $4.2 billion cost reflects lower economic growth.
The Coalition plans to raise $3.6 billion by taxing vaping and save over $15 billion by repealing Labor policies. Foreign aid would be cut by $813.5 million. Savings would fund Coalition commitments, including defense and housing spending.
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