The state of the Australian economy is a hot topic for this years Federal election with both parties attempting to address the debt crisis in their campaigns.
Petrie Women’s LNP Secretary Elly Phelan said it is disgraceful that the outgoing Labor Government has left such an enormous deficit considering the surplus they inherited.
“The Australian people understand that our debt levels are important and this election will come down to the simple truth that we cannot afford another three years of Labor,” she said.
Recent figures have suggested that if the Coalition were to win the election they would have to cut a whopping $70 billion to bring the budget back to surplus.
Australian Young Labor President Kerrie Kahlon said the Coalition has not costed their policy through the Treasury and as a result we are unaware how much exactly the Coalition will cut if elected.
“The Labor Government has ensured that the debt per capita is one of the lowest in the developed world and considering the GFC, Labor has continued to create jobs,” she said.