Fed: Costello - Labor must have promises costed

AAP General News (Australia)
08-08-2007
Fed: Costello - Labor must have promises costed

CANBERRA, Aug 8 AAP - Treasurer Peter Costello today called on Opposition Leader Kevin
Rudd to commit to submitting all Labor election promises to independent costing.

"When all of our policies are independently costed as against the PEFO, the pre-election
fiscal outlook, you will see how responsible they are and you will be able to judge,"

Mr Costello told reporters today.

"I call on Mr Rudd to do the same."

Mr Costello denied the federal government's $30 billion of tax cuts in this year's
budget had created inflationary pressures in the economy.

Prime Minister John Howard said the rate rise did not mean the government would not
announce any new outlays between now and the election.

"Not all new outlays put upward pressure on interest rates, it depends on how your
budget is," he said.

AAP pv/sb/jm/bwl

KEYWORD: ELECTION COSTELLO

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