The Coalition has slammed a Labor election ‘spendathon’ worth $36bn since December

The Coalition has accused Labor of embarking on a lavish ‘spendathon’ since December. Here is how much it would cost Aussies per day, according to their modelling.

Exclusive: Labor is being accused of an election “spendathon” for pushing more than $2.1 billion out the door every week since December, throwing the budget deeper into the red and increasing debt.

New spending commitments ranging from tripling the bulk billing rate to automatic $1000 tax deductions for workers without receipts and a $2.3bn home battery subsidy equate to spending of $300 million a day since its Mid-Year Economic and Financial Outlook (MYEFO) on December 13, according to Coalition analysis.

Labor has hit back at the opposition with a warning increases to payments like the pension and Jobseeker are at “risk” under the Coalition, given its criticism of the Albanese’s government’s spending captures those investments.

The Albanese Government unveiled an extra $35bn in new spending between MYEFO and its 2025-26 budget on March 25, followed by an extra $1.1bn between then and the Pre-Election Financial Outlook (PEFO) released on April 7.

abor has hit back at the opposition with a warning increases to payments like the pension and Jobseeker are at “risk” under the Coalition. Picture: NewsWire/ David Crosling

Last week Treasurer Jim Chalmers confirmed Labor had announced “about $5bn or so” in additional spending during the campaign since PEFO.

Three years ago the former Morrison Government spent about $39bn between MYEFO and the budget, a further $714 million from then until PEFO, but ultimately delivered $1bn in savings by the end of the 2022 election campaign.

Coalition finance spokeswoman Jane Hume said Labor had pledged to spend on average more than “$10 million an hour” since the release of PEFO, accusing Mr Albanese of “splashing the cash like there’s no tomorrow”.

“Anthony Albanese’s spendathon will keep inflation higher for longer – they are fuelling the fire while household budgets are getting burned by Labor’s cost of living crisis,” she said.

Mr Chalmers said Labor had accounted for the “vast majority” of its spending, and “made clear” the cost of its policies.

“Responsible economic management has been a defining feature of the Albanese Labor Government,” he said.

Meanwhile Labor will on Monday warn voters the Coalition poses a risk to payments like the pension and Commonwealth Rent Assistance, pointing to instances where opposition treasury spokesman Angus Taylor has branded the Albanese Government’s three-years of spending as “wasteful”.

Since 2022 Jobseeker rates have gone up 22 per cent, the age pension 17 per cent and rent assistance has increased by 45 per cent under Labor.

Cuts to those payments would have the greatest impact on aged pensioners in the Queensland seat of Hinkler, followed by Cowper, Page and Gilmore in regional NSW, according to Labor analysis.

While rent assistance cuts would most hurt voters in the Queensland seats of Forde and Longman, Cowper in NSW and Spence in South Australia.

Social Services Minister Amanda Rishworth said the Coalition “have form” on cutting payments.

“Given the opportunity, we know they will cut again,” she said.

A Liberal campaign spokesman said this was “just another desperate scare campaign from the Labor Party” and the only “risk” was an Albanese Government spending more and pushing debt to $1.2 trillion.