A Stronger Economy and Balanced Budget


The Turnbull Coalition Government will improve the Budget bottom line by $1.1 billion in the next four years while we continue to guarantee funding for schools, hospitals and roads.

Only the Coalition has a clear plan to grow the Australian economy, manage its finances responsibly, and create more jobs.

We will also reduce taxes for families and businesses, as well as delivering certainty and stability.

In contrast, Labor will increase the deficit by $16.5 billion in the next four years. The Labor Party is promising higher deficits, more debt and higher taxes. This is bad for the economy.

The Coalition has fully funded all of the policies announced throughout this campaign to:

  • Ensure regional jobs;
  • Increase funding for mental health and medical cures;
  • Boost infrastructure spending;
  • Keep communities safe; and
  • Promote investment.

Our plan for economic growth is working.

The Australian economy is growing at 3.1 per cent a year – faster than any of the G7 economies. Around 300,000 new jobs were created last year, the strongest growth in employment since the Howard years, and our credit rating remains at the top level of Triple-A with a stable outlook.

But there is more work to do to continue the successful transition of our economy.

That’s why the Coalition is directing every lever of policy to secure our nation’s prosperity and economic security for the 21st century.

At a time of uncertainty, we will manage the economy and manage the budget so we can grow the economy and create more jobs.

Our innovation and science agenda will bring more great Australian ideas to market, provide tax incentives to invest in start-up businesses and make sure our children have the right skills for the jobs of the future.

Our defence industry plan will secure an advanced defence manufacturing industry in Australia and create thousands of new hi-tech jobs.

Our export trade deals will give our farmers a competitive edge into the biggest markets in our region.

We have a clear plan to improve the budget, rather than increase debt on Australian families.

Click here to view the Coalition's Policy for A Stronger Economy and Balanced Budget