Australian news and politics recap: Coalition releases full costings, takes aim at Labor’s ‘lies’

Peter Dutton’s claim to lead the party of superior economic management will be put to the test when the coalition releases its policy costings with two days to go until polling day.

Mr Dutton and shadow treasurer Angus Taylor have promised their financial receipts, to be released on Thursday, will show an improvement to the federal budget if the Coalition was elected.

Savings have been assured by repealing Labor’s $17 billion income tax cuts, axing investment in electricity transmission infrastructure and shrinking the size of the public service.

“The Liberal Party is always a better economic manager, and interest rates have been higher for longer under Labor,” Mr Dutton told journalists in Melbourne on Wednesday.

But the coalition has also promised to increase spending, including a $20 billion regional investment fund, as well as measures that reduce the tax take over the next few years, such as a $1200 tax rebate and a $6 billion cut in the fuel excise by 25 cents a litre.

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