Australia will have an extra 1.25 million jobs in five years and no government debt in a decade if the coalition remains in power, the prime minister has promised.
Scott Morrison made the commitment while revealing the next stage of the government's economic plan - which also includes an extra tax break for small businesses - during a speech in Brisbane on Tuesday.
The plan comes as the Liberal leader ramps up his attack on the opposition's economic credentials, while Labor leader Bill Shorten accuses him of running a scare campaign.
Mr Morrison has pointed to the creation of 1.2 million jobs since the coalition formed government in 2013 and its current low jobless rate of five per cent as evidence it should be in charge of the nation's money.
"What's the proof of a strong economy? What does it look like? It's jobs, it's always jobs," he told an event on Tuesday.
A Bill Shorten-led Labor government would produce a weaker economy, affecting funding for a plethora of services, Mr Morrison said.
"At this next election only half of those of voting age will have experienced a recession during their working lives.
Prime Minister Scott Morrison talks to strawberry farm owners Peter and Laura Hendriksen in Queensland. Source: AAP
"So it is important to remind all of us that our economy cannot be taken for granted, that the economy is real, its impacts are real and, most importantly, it's all about people."
Mr Shorten says fear-mongering is exactly what is going on.
"They've run out of anything to say about themselves, all they can do is talk about us," he told reporters in regional NSW.
In his address, the prime minister pointed to the creation of 1.1 million jobs since the coalition won government in 2013 and a current low unemployment rate of five per cent.
He pledged to help create another 1.25 million positions over the next five years and eliminate government debt within a decade.
Labor has repeatedly highlighted that government debt has doubled in the past five years but Mr Morrison says that is because the coalition still had deficits to deal with.
"We no longer, for the first time this year and this budget, will have a deficit. That means you can start paying down debt," he told Seven's Sunrise.
The coalition's jobs and debt targets would be achieved through key pillars of the coalition's economic plan, including a strong budget, lower taxes, support for small business and reliable and affordable energy.
