Australian Economy

Scott Morrison, Anthony Albanese campaigns continue; Scott Morrison soccer incident fallout continues; Australia minimum wage decision to be accepted by Coalition; Australia inflation gap widens; Labor economic policies defended by Anthony Albanese

Continuing his media rounds on Nine’s Today show, Anthony Albanese has insisted that a Labor government under his leadership would be “fiscally responsible”.

That’s a line similar to the one Kevin Rudd used ahead of the 2007 election when he brought Labor out of opposition.

Labor leader Anthony Albanese on the campaign trail yesterday.

Labor leader Anthony Albanese on the campaign trail yesterday. Credit:Alex Ellinghausen

“Our bottom line is absolutely responsible,” Albanese said this morning. “We’re making sure that we invest in childcare. We are going to invest more money in aged care because we can’t afford to not do that.”

One thing a Labor government wouldn’t do, Albanese said, was follow the Coalition’s lead and make further cuts to the public service. While announcing the Coalition’s costings on Tuesday, Treasurer Josh Frydenberg revealed the Coalition would save $1 billion over the next four years by downsizing the public service.

Poised to release Labor’s costings today, two days before the election, Albanese was asked why he wasn’t “walking the walk” on transparency by releasing the figures earlier, but he said the party had been transparent.


“Every single one of our policies and commitments, we have put out the costings over the forward estimates,” he said, pointing to the $750 million in savings he announced during a National Press Club address yesterday.

While Labor’s proposed childcare reforms would cost the budget bottom line $5.4 billion over the next four years, Albanese said that didn’t account for the economic growth that would flow from that.

“If women can work a fourth or a fifth day, they’ll have much greater participation in the economy, greater workforce participation, greater productivity for companies, which is why it’s been welcomed by businesses across the board,” he said.

“We’ve made sure that that has been our priority. Our commitments that we are making are to things that will grow the economy.”

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