Budget 2016: Malcolm Turnbull 'quietly confident' of election win

Prime Minister Malcolm Turnbull says he is "quietly confident" of winning the election off the back of his federal budget.

Key points:

Turnbull set to call the election for July 2 this weekend

Government says budget not a "short term political budget"

Turnbull accuses Labor of starting a "class war" by opposing income tax cuts

Mr Turnbull said the election would be called within days, and the budget was a long-term economic plan for Australia, not just an attempt to win votes.

He has told Channel Nine that voters would go to the polls on July 2 and the election would be fought on economic policies.

"I'm quietly confident that the Australian people will give us another term in government, but you can't take anything for granted and it's a two-horse race and it's a choice," he said.

"It's a choice between me and [Opposition Leader] Bill Shorten.

"Who do Australians trust to manage this transition from mining construction boom to the new economy of the 21st century?"

Mr Turnbull argued that last night's budget was not a "short-term political budget", though he took the opportunity today to target Labor policies.

He told the ABC that Mr Shorten was trying to start a "class war" through Labor's housing policies and opposition to other measures.

"They're arguing that people who earn $80,000 a year are rich," he said.

"Labor doesn't want them to benefit from a tax cut ... that the type of war of envy, the politics of envy which absolutely stands in the way of aspiration and enterprise and growth."

Mr Turnbull said he was confident that voters would endorse his government and its budget at the polls.

"We'll be going to the election with a positive national economic plan," he said.

But other Liberal MPs were less certain, with one outgoing politician describing the budget as a "fudged opportunity".

Dennis Jensen, who lost a pre-selection battle for his West Australian seat, cast doubt this morning on the government's predictions for economic growth in the next four years.

He said there was substantial debt that is building up.

"The budget unfortunately was a fudged opportunity — it's not so much that it was a bad budget, but it's a budget that essentially does nothing," he said.

"And at the same time, the deficit is another $37 billion."

Source: ABC News

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