Key Points

• The independent member for Indi's 15 election commitments would decrease the underlying cash, fiscal and headlines balances over the 2025 Budget forward estimates and medium term (2025‑26 to 2035‑36), relative to the Pre‑election Economic and Fiscal Outlook (PEFO) baseline.
• If fully implemented, the independent member for Indi's platform would decrease the underlying cash balance by $8.2 billion over the forward estimates and $14.7 billion over the medium term, relative to PEFO.
• This would result in an underlying cash deficit of $39.3 billion at the end of the forward estimates and total underlying cash deficits of $159.8 billion and $341.7 billion over the forward estimates and medium-term periods respectively.
• The platform would result in higher government gross debt across the medium term, with an increase of around $21.7 billion at the end of the medium term relative to PEFO, reaching $1.5 trillion (32.4% of gross domestic product (GDP)). Public debt interest payments are expected to be around $7.7 billion higher by the end of the medium term.
• The PBO did not identify any additional commitments made by the independent member for Indi.
• The independent member for Indi is the only minor party or independent with a chapter in the report.