BUDGET 2016: Will smokers revolt?

TOBACCO excises are always a hot topic of discussion during budget and election periods, with both sides of government using it as an easy form of revenue or an election ploy.

Plans to increase to the tobacco excise were leaked by the Government before last nights budget, giving us a sneak peak into the Coalition's plans.

These plans are based on the Australian Labor Party's policy which outlines a plan to raise almost $48 billion dollars over four years with a 12.5 per cent increase to the cost of tobacco each year.

Finance Minister Mathias Cormann told the ABC the Budget will include a 12.5 per cent increase annually to the tobacco excise until 2020.

"We are implementing in the budget the same policy on tobacco excise as Labor has previously announced and what is very clear is that Labor's sums just don't add up," Mr Cormann said.

However, according to Mr Cormann, there is a $20 billion hole in Labor's policy.

The Treasury document said there would be more than $28 billion worth of revenue raised over the four year period, according to the ABC.

Despite claims that their policy is flawed, Labor frontbecher Anthony Albanese told Sky News that the government's spin shouldn't be trusted and Labor would wait to see the details of the government's version of the tobacco excise policy.



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