The Parliamentary Budget Officer is required to publish a report after each general election that details and aggregates the budget impacts of the election commitments made by political parties. This report must cover the commitments of the major parliamentary parties and may cover the commitments of the minor parties and independents if they choose to be included. No minor parties or independents chose to be included in this report.
The post-election report of election commitments for the 2019 general election:
- uses the 2019 Pre-election Economic and Fiscal Outlook report as the baseline for the costings of election commitments
- incorporates costings of all of the election commitments of each party that would have a material impact on the Commonwealth budget over the 2019–20 Budget forward estimates and medium term periods
- shows, for each party, the individual and total combined impacts those election commitments would be expected to have on the Commonwealth budget over the 2019–20 Budget forward estimates period
- shows, for each party, the medium term budget impacts of: commitments that have an impact of over $1 billion in any year; commitments that have a materially different impact over the medium term relative to the 2019–20 Budget forward estimates period; and the top ten commitments by budget impact
- shows, for each party, the total combined medium term impact of the election commitments on the underlying cash balance as a share of gross domestic product (GDP), as well as the total combined medium term impact on receipts and payments as a share of GDP
- presents full costing documentation for all election commitments, with the exception of those commitments that are specified as providing capped levels of funding.
Further details on the requirements for, and approach to the preparation of, this report are presented at Appendix G.