Greg Jericho
Chief Economist

One glorious part of the costings is where the LNP says

The Coalition will wind up Labor’s ineffective off-budget funds, including:

  • The Housing Australia Future Fund;
  • The Rewiring the Nation Fund; and
  • The National Reconstruction Fund (and abolishing the associated National Reconstruction Fund Corporation).

The Coalition will redirect part of the balance sheet improvements from these decisions towards other priorities. These include:

  • Establishing the Regional Australia Future Fund, which will be seeded with $5 billion from the Rewiring the Nation Fund.
  • Creating the Critical Gas Infrastructure Fund.
  • Providing equity for the construction of new nuclear power plants to replace retiring coal-fired power plants.

So the Coalition are saying they will get rid of the ALP terrible off budget funds and replaces them with… err off-budget funds

(and remember they are all administered by the Future Fund – so no fund is anymore or less effective than another.)