Labor pledge to scrap the cashless debit card will save budget $286.5m over four years

Government's election promises will add $6.9bn to deficits over four years, Parliamentary Budget Office says

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Labor's commitment to scrap the cashless debit card will save $286.5m over four years, the Parliamentary Budget Office has revealed.

On Thursday the PBO released election costings showing that Labor's policies would add $6.9bn to budget deficits over four years and a further $33.6bn would be spent in off-budget investments including for housing and the electricity grid.

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