Australia's opposition Labor pledges bigger budget surpluses in election bid


  • World
  • Friday, 10 May 2019

Australian Opposition Leader Bill Shorten is seen next to the campaign bus after a visit to PRP Diagnostic Imaging at the Ryde Medical Centre in Sydney, Australia, April 12, 2019. AAP Image/Lukas Coch/via REUTERS

SYDNEY (Reuters) - Australia's opposition Labor on Friday unveiled its economic blueprint for the May 18 election, promising bigger budget surpluses than the government in an attempt to undermine Prime Minister Scott Morrison's attacks on its economic management.

Publishing figures from Australia's Parliamentary Budget Office, the country's independent body that analyses fiscal policy, Labor said it will match the government's A$7.5 billion ($5.25 billion) surplus in 2019-20.

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