Coalition Unveils Policy Plan With $14 Billion Budget Improvement

Coalition reveals a $5.6 billion early deficit, followed by a $9.5 billion budget improvement by 2027–28.

Shadow Treasurer Angus Taylor at a press conference at Parliament House in Canberra, Australia on Feb. 17, 2022. AAP Image/Mick Tsikas

The federal Coalition has unveiled its long-awaited policy costings, pledging to improve the federal budget bottom line by nearly $14 billion over the next four years and reduce government debt by more than $40 billion by 2028–29.

Describing it as the most significant fiscal shift in 15 years, Shadow Treasurer Angus Taylor said the Coalition could return the budget to surplus faster than Labor by curbing waste and axing several expensive government programs