Tony Abbott has again confirmed the Opposition will make $70 billion in cuts to services if elected.
In a speech this morning, Mr Abbott said:

[But] as you know from your experience in business, a business which cant save 5 per cent from its expenditure is a business which is not seriously trying to economise.

(CEDA CANBERRA 19 JUNE 2012)

Five percent of government expenditure is equivalent to over $70 billion over four years a budget black hole shadow Treasurer, Joe Hockey, and shadow Finance Minister, Andrew Robb, admitted last year.
$70 billion in cuts would be the equivalent of stopping Family Tax Benefit payments for three years or cutting the age pension for two years.
Mr Abbott needs to come clean with Australians about what cuts to services he intends to make.
The Gillard Government has laid out its plans to return the budget to surplus in 2012-13, with surpluses growing each year over the forward estimates.
Mr Abbotts claim that the treatment of the equity injection into NBN Co by the Government should be expensed in the budget is completely wrong.
Building the NBN is an investment that generates a return. This is why our investment in NBN is classified by budget and international accounting statements as an equity investment, rather than a budget expense. This treatment is consistent with long-standing budget treatment applied by this and previous Governments.
The Government, government departments and the Parliamentary Library have been pointing this out for years, but still the Opposition fails to grasp how the budget works.
Tony Abbott and his economic team have no credibility, no policy and no honesty.
It is dishonest to use a catering company for costings and to put forward dodgy election costings that had an $11 billion black hole and for which the auditors were fined for professional misconduct.
It is dishonest for Mr Robb to tell Australians that the Opposition will magically find a $15 billion surplus in 2012-13.
It is dishonest for Mr Abbott to tell Australians he wont use revenue from the mining tax, but will continue Family Tax benefit payments.
And it is dishonest for Mr Abbott to say the Government has got their Budget wrong, but refuse to show how the Opposition wouldnt be in deficit.
The Oppositions attempts to criticise the Government over budget costings is becoming a joke, especially when they wont commit to submitting all their election policies for costing by Treasury and Finance or the newly-created Parliamentary Budget Office for independent analysis in accordance with the Charter of Budget Honesty.
Its time the Opposition stop fiddling their words and come clean with Australians about what services they plan to cut.