Good move.
The Libs spending was completely out of control, with bribes to just about anything that moved (or would gain them a vote), prior to the election.
Actually, to be fair, Labor was involved in quite a bit of this, too. :wink: :
Rudd to axe Lib pledges
David Uren, Economics correspondent
January 07, 2008/the AUSTRALIAN
BUREAUCRATS have been ordered to begin sifting through 225 individual spending commitments made by the Howard government since last May to identify those that can be axed.
The Rudd Government is aiming to make savings of several billion dollars before the May budget, and expects the overturning of commitments made by the Coalition to make a substantial contribution to his target.
"The former government made many spending decisions at the last minute before the election campaign and we will obviously be scrutinising these decisions very closely," Finance Minister Lindsay Tanner told The Australian.
The Department of Finance has sent a request to all public service departments asking them to identify opportunities for "budget reversal".
Some are obvious, such as the $285million provided to establish the Workplace Authority. Digital Australia, an organisation established to co-ordinate the shift from analog to digital television, will also be scrapped.
However, most of the vulnerable projects are small, such as the "Innovation Ambassador" program, under which the former government proposed paying for people to spread the word about entrepreneurialism among small businesses and young Australians.
Other commitments that could be axed include several sporting facilities in marginal electorates, a program to fund the design of an Australian semi-conductor chip, a $10million contribution to a private company developing cloud seeding technology, and $12.5million to support nuclear power research.
The Howard government embarked on a slew of projects, which individually were modest in cost but when combined add a total of $15 billion to budget costs over the next four years.
There were 175 separate spending proposals between last year's May budget and the mid-year budget update, which was ruled off on October 10, four days before the federal election was called.
Over the following seven days, a further 50 spending initiatives were announced, ahead of the government entering the caretaker period, with the writs for the election being issued on October 17.
Labor is finding that its efforts to cut spending are being frustrated by the fact that most public service spending involves contracts with outside parties or with established expectations of entitlements. These are difficult to reverse.
The commitments made by the Coalition ahead of the election may have funding allocated, but they are not yet set in stone and can be undone. Labor views them as glorified election promises. ...<cont>
http://www.theaustralian.news.com.au/story/0,25197,23015322-601,00.html