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Liberal coalition promises to cut Australian national debt by $40 billion, axing funds and policies.
The Liberal coalition in Australia pledges to cut the national debt by $40 billion over four years if elected, by removing some Labor policies, including the Housing Australia Future Fund and the Rewiring the Nation Fund.
They aim to add $10 billion to the budget while reducing government gross debt, and also plan to scrap student debt relief worth $16 billion and unwind tax concessions for high balance superannuation accounts.
These plans come amid criticism from Labor for releasing the costings days before the election.
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