Jim Chalmers and Katy Gallagher are speaking Brisbane, releasing Labor’s policy costings for its election commitments.

Jim Chalmers:

The costings that we release today show that we will more than offset our election campaign commitments in every year of the forward estimates. We will finish this election campaign with the budget in a stronger position than at the start of the election campaign. We have improved the budget position by more than $1 billion comparing the pre-election outlook to the costings that we release today.

Katy Gallagher:

We will find a whole-of-government save in the order of $6.4 billion. This will be focused on non-wage expenses, so not on people or on programs, but on all of the other expenses and resourcing that whole of government has. We’ve managed in the first term to find about $5.3 billion in savings in those areas. So this is really a continuation of that effort.