Review reveals election costing glitches

THE major parties have praised themselves while systematically tearing apart their opponents' promises, an independent review by the Parliamentary Budgetary Office shows.

It was the first time in Australia an opposition party has put its costings through the PBO process.

It found Labor's commitments would actually decrease the state's borrowing by $70 million, but Water Minister Kevin Humphries said it also revealed $300 million in water security projects would be cut under a Foley government.

He said $110 million to clear a backlog of 71 country water and sewerage projects would be cut so Labor could fund a "Sydney-centric infrastructure plan".

Shadow treasurer Michael Daley said the process uncovered a "classic case of dodgy accounting" on the Coalition's books.

He said the Treasurer had been caught banking the dividends throughout the budget's forward estimates from the same electricity assets he planned to sell.

"Andrew Constance is conning people into thinking he can sell the house but still collect the rent from the new owner," Mr Daley said.

"He can't explain how he would pay for our nurses, teachers and police once the electricity dividends start flowing to the private owner of the network."


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