“This is a massive blow to the Government’s credibility. The Government must stop playing games now,” Hockey maintained.
PM Rudd has publically criticized the Coalition for presenting a faulty plan. The premier said that there was a massive $10 billion hole in $31 billion of Coalition cuts. He accused the leading opposition party for misleading the general public of Australia.
Senator Wong said: “$1 in every $3 that they counted as savings does not exist.”
“At no stage prior to the caretaker period has either department has cost Opposition policies. Different costing assumptions, such as the start date of a policy, take-up assumptions, indexation and the coverage that applies, will inevitably generate different financial outcomes,” Treasury secretary Martin Parkinson and Department of Finance head David Tune said.