2025 Election Commitments Report (ECR)

The 2025 ECR provides the budget impact of the election commitments made by the major parties in the 2025 general election, and the total combined impact of their policy platforms on the Australian Government budget.

Download full report (ECR) [1.28 MB]

Independent member for Indi

Detailed financial tables

The following tables provide a detailed breakdown of the financial impacts of the independent member for Indi's election platform over the medium term. Table 6‑2 shows impacts on a cash accounting basis (underlying cash and headline cash balances) and Table 6‑3 on an accrual basis (fiscal balance). Table 6‑4 shows the impact on government debt.

Table 6-2: Detailed financial implications of the independent member for Indi's election commitments, cash basis ($ billion)

	2025 -26	2026 -27	2027 -28	2028 -29	2029 -30	2030 -31	2031 -32	2032 -33	2033 -34	2034 -35	2035 -36	Total to 2028-29	Total to 2035-36
Receipts
Net impact	0.1	0.1	0.1	0.2	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.5	2.3
Final receipts	735.5	766.1	797.5	841.0	892.6	947.4	1,002.9	1,062.2	1,125.0	1,190.0	1,260.4	3,140.1	10,620.7
Payments (excluding PDI)
Net impact	-1.8	-1.8	-1.8	-1.7	-0.7	-0.2	-0.2	-0.2	-0.2	-0.3	-0.3	-7.1	-9.3
Final payments	-751.5	-773.0	-799.5	-841.4	-892.0	-928.1	-976.3	-1,030.1	-1,082.7	-1,136.0	-1,194.0	-3,165.4	-10,404.6
Public debt interest (PDI)
Net impact	-0.1	-0.3	-0.5	-0.7	-0.8	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-1.5	-7.7
Final PDI	-28.0	-30.4	-37.2	-38.9	-43.0	-53.8	-59.5	-65.6	-65.2	-67.7	-68.3	-134.5	-557.8
Underlying cash balance (UCB)
Net impact	-1.8	-2.0	-2.1	-2.2	-1.3	-0.8	-0.8	-0.9	-0.9	-0.9	-1.0	-8.2	-14.7
Final UCB	-44.0	-37.3	-39.2	-39.3	-42.4	-34.5	-32.9	-33.5	-22.9	-13.7	-1.9	-159.8	-341.7
Net cash flows from investments in financial assets for policy purposes
Net impact	-3.3	-2.8	-2.6	-2.4	0.7	0.7	0.6	0.6	0.5	0.5	0.5	-11.1	-7.0
Final cash flows	-26.4	-25.5	-22.5	-21.4	-12.1	-9.9	-8.8	-7.1	-8.8	-9.3	-9.9	-95.9	-161.8
Headline cash balance (HCB)
Net impact	-5.1	-4.7	-4.7	-4.7	-0.5	-0.1	-0.2	-0.3	-0.4	-0.4	-0.5	-19.2	-21.7
Final HCB	-70.4	-62.9	-61.8	-60.7	-54.5	-44.4	-41.7	-40.6	-31.7	-23.1	-11.8	-255.7	-503.5

Source: 2025 PEFO and PBO analysis.
Note: A positive impact on the budget balance indicates an increase in receipts or a decrease in payments. A negative impact on the budget balance indicates a decrease in receipts or an increase in payments. Figures may not sum to totals due to rounding.

Table 6-3: Detailed financial implications of the independent member for Indi's election commitments, accrual basis ($ billion)

		2025-26	2026-27	2027-28	2028-29	2029-30	2030-31	2031-32	2032-33	2033-34	2034-35	2035-36	Total to 2028-29	Total to 2035-36
Revenue
Net impact	0.2		0.2	0.2	0.3	0.4	0.4	0.3	0.2	0.2	0.1	0.1	0.9	2.6
Final revenue	750.4		783.8	815.7	862.8	914.0	970.1	1,027.5	1,088.9	1,153.3	1,219.9	1,292.4	3,212.7	10,878.8
Expenses (excluding PDI)
Net impact	-2.4		-2.3	-2.2	-2.1	-0.7	-0.2	-0.2	-0.2	-0.2	-0.3	-0.3	-9.0	-11.1
Final expenses	-758.2		-777.6	-811.9	-853.4	-904.5	-940.7	-988.2	-1,041.8	-1,094.7	-1,148.4	-1,206.6	-3,201.2	-10,526.0
Public debt interest (PDI)
Net impact	-0.1		-0.3	-0.5	-0.7	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-0.9	-1.7	-8.0
Final PDI	-38.8		-40.7	-45.6	-49.2	-54.1	-66.7	-73.4	-80.7	-80.5	-83.6	-84.7	-174.3	-697.8
Fiscal balance
Net impact	-2.4		-2.4	-2.5	-2.5	-1.2	-0.7	-0.8	-0.9	-0.9	-1.0	-1.1	-9.8	-16.4
Final fiscal balance	-46.6		-34.5	-41.9	-39.8	-44.6	-37.3	-34.1	-33.6	-21.9	-12.1	1.2	-162.8	-345.1

Source: 2025 PEFO and PBO analysis.
Note: A positive impact on the budget balance indicates an increase in revenue or a decrease in expenses. A negative impact on the budget balance indicates a decrease in revenue or an increase in expenses. Figures may not sum to totals due to rounding.

Table 6-4: Detailed financial implications of independent member for Indi's election commitments, gross and net debt ($ billion)

	2025-26	2026-27	2027-28	2028-29	2029-30	2030-31	2031-32	2032-33	2033-34	2034-35	2035-36
Gross debt
Net impact	5.1	9.9	14.6	19.2	19.8	19.9	20.1	20.3	20.7	21.2	21.7
Final level	1,027.1	1,101.9	1,175.6	1,242.2	1,312.4	1,372.7	1,424.5	1,460.3	1,492.3	1,511.7	1,525.7
Net debt
Net impact	2.4	4.8	7.3	9.8	11.0	11.7	12.5	13.3	14.3	15.3	16.4
Final level	623.0	681.0	721.2	778.0	843.9	885.2	921.5	946.1	964.5	971.9	965.6

Source: 2025 PEFO and PBO analysis.
Note: A positive impact indicates an increase in debt levels. A negative impact indicates a decrease in debt levels. Figures may not sum to totals due to rounding.