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  • Labor’s $2.266 billion of fudged funding: Swan must explain where the money is coming from

    11/08/10

    Analysis of Labor’s policy costings has revealed that 70 Labor policies worth a staggering $2.266 billion have no properly identified funding source.

    The excuses range from being funded from:

    - “The forward estimates” – without nominating a source or an item in the existing budget papers;

    - “The Gillard Government’s commitment to return the budget to surplus...” – without providing any fiscal evidence it is fully funded;

    - No source at all – Labor haven’t even bothered to put on their costings charade in some instances.

    Wayne Swan has a massive $2.266 billion worth of questions to answer.

    Mr Swan must explain where the money is coming from.

    His efforts to date are laughable.

    Mr Swan has to explain how he will pay for Labor’s $668 million teenager family tax allowance promise?

    How will Mr Swan pay for Labor’s$222 million promise to put more chaplains in schools?

    Where will Mr Swan find the $100 million to pay for Labor’s Deliver for Seniors package?

    Mr Swan needs to answer these questions, because right now, his fudged explanations are not good enough.

     

     LABOR PROMISE

    SOURCE

    COST $m

    COSTINGS FUDGE

    Lifeline for Surf Central

    ALP press release – Albanese, 19/7/10

    1.5

    “This commitment will be fully funded, consistent with the Gillard Labor Government’s commitment to return the budget to surplus in three years.”

    National Trade Cadetships

    ALP press release

    Gillard /Crean

    20/7/10

    3.1

    “This funding will be fully offset over the forward estimates, consistent with the Gillard Government’s commitment to return the budget to surplus within 3 years.”

    Funding for Central Coast Youth Skills and Employment Centre

    ALP press release

    Albanese/ Thompson

    20/7/10

    2.7

    “This announcement will be fully funded, consistent with the Gillard Government’s commitment to return the budget to surplus within 3 years.”

    Work experience for National Trade Cadets - Wednesday, 21 July 2010

    ALP press release

    Gillard/Clare

    21/7/10

    25

    “This funding will be fully offset over the forward estimates, consistent with the Gillard Government’s commitment to return the budget to surplus within 3 years.”

    Funding for Bombala Pool Redevelopment

    ALP press release

    Albanese/Kelly

    22/7/10

    0.46

    “This announcement will be fully funded, consistent with the Gillard Government’s commitment to return the budget to surplus within 3 years.”

    Community and sports facilities get a boost in Corangamite

    ALP press release Albanese/Cheeseman

    22/7/10

    2

    “This announcement will be fully funded, consistent with the Gillard Government’s commitment to return the budget to surplus within 3 years.”

    Gillard Labor Government invests $46 million to encourage visitors to stay longer and spend more

    ALP press release Ferguson 23/710

    46

    “Funding for this project will be fully offset over the forward estimates, consistent with the Gillard Labor Government’s commitment to return the Budget to surplus in three years.”

    Funding for Birubi Point Surf Life Saving Club

    ALP press release Albanese/Arneman

    23/7/10

    2.2

    “Funding for this project will be fully offset over the forward estimates, consistent with the Gillard Labor Government’s commitment to return the Budget to surplus in three years.”

    Turnour delivers AFL to Cairns

    ALP press release Swan/Turnour

    24/7/10

    3

    “Funding for this project will be fully offset over the forward estimates, consistent with the Gillard Labor Government’s commitment to return the Budget to surplus in three years.”

    Protecting workers' entitlements package

    ALP press release Bowen/Clare/Gillard/ Sherry/Crean

    25/7/10

    60.8

    “Funding for this commitment will be fully funded, consistent with the Gillard Labor Government’s commitment to return the budget to surplus in three years.”

    Gillard Labor making the Tasman Highway Safer -

    ALP press release Albanese/ Collins 25/7/10

    2

    “Funding for the $2 million commitment to planning work will be fully offset over the forward estimates, consistent with the Gillard Government’s commitment to return the budget to surplus within three years”.

    Feasibility study into building new sporting fields in Wallsend

    ALP press release Combet/Ellis

    25/7/10

    0.14

    “This announcement will be fully funded, consistent with the Gillard Government’s commitment to return the budget to surplus within 3 years.”

    Funding for Camden Tigers Soccer Club

    ALP press release Albanese/ Bleasdale

    26/7/10

    1.2

    Funding for this project will be fully offset over the forward estimates, consistent with the Gillard Government’s commitment to return the budget to surplus within three years.

    Funding for the Nunawading Library Redevelopment

    ALP press release Macklin/Trevor

    26/7/10

    1.6

    “This announcement will be fully funded, consistent with the Gillard Labor Government’s commitment to return the budget to surplus in three years”.

    Funding for Memorial Oval Redvelopment

    ALP press release Albanese/ Melham/Clare

    2.7

    “Funding for this contribution will be fully offset over the forward estimates, consistent with the Gillard Government’s commitment to return the budget to surplus within three years”.

    Taking action to tackle suicide

    ALP press release Gillard/Roxon

    27/7/10

    276.9

    “The $276.9 million in funding for these investments will be fully offset over the forward estimates, consistent with the Gillard Labor Government’s commitment to return the Budget to surplus in three years”.

    Damian Hale secures Dragons for NT

    ALP press release

    Albanese/Hale

    28/7/10

    0.037

    “Funding for this contribution will be fully offset over the forward estimates, consistent with the Gillard Government’s commitment to return the budget to surplus within three years”.



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