The savings would come from:

The Coalition also plans to reduce foreign aid by over $800 million, but Indonesia and the Pacific have been spared in the name of strategic security.

When asked whether the Coalition was still planning to only cut positions in Canberra, Hume replied: “Focused on Canberra”.

Deputy Prime Minister Richard Marles said on Thursday the costings from the Opposition should not be taken seriously.

Economists criticise major parties’ timing

The government argues most of its costings were included in the federal budget on March 25.

Independent economist Chris Richardson echoed the sentiment, arguing both sides should have released costings of notable policies weeks ago.

‘Gambling with Australia’s AAA rating’

“After raking in almost $400 billion in extra revenue, Labor chose to splurge instead of save, leaving Australians more exposed to the next economic shock.”

“How the elected government funds its campaign pledges and rising spending will be crucial for maintaining the rating,” the agency said.

Economists have broadly criticised both major parties’ election spending commitments, which have competing tax cut pledges but no plans for structural budget reform.

What did Labor’s costings reveal?

The fee increase is anticipated to deliver $760 million to the budget over the forward estimates.