The Labor Party is not worried about releasing its full costings this week as it has "nothing to hide", according to shadow treasurer Chris Bowen.
In an interview with SBS News on Tuesday, Mr Bowen talked up Labor's plans to take the reins of the Australian economy.
Labor is proposing the most comprehensive economic reform package presented by an opposition since John Hewson's failed Fightback in 1993 and will release its full costings by the end of the week.
"That'll be the earliest any opposition has done in 30 years. Why? Because we have nothing to hide," Mr Bowen said.
Chris Bowen talks to SBS News on Tuesday. Source: SBS News
"I believe in better investments in health and Medicare and schools, I believe in making the tax system fairer."
Labor's promises now top $60 billion - including $22 billion for infrastructure, $16 billion for energy, close to $10 billion for education and $8.6 billion for health.
These reforms are funded by an additional $387 billion in revenue over the decade.
The Coalition's own promises total $57 billion - including $22 billion for infrastructure, $19.5 billion in tax cuts and $2 billion for health.
Treasurer for just three months during Kevin Rudd's second stint as prime minister, Mr Bowen never got the chance to hand down a budget.
"I was treasurer, but to my way of thinking - too briefly," he said.
Treasurer Josh Frydenberg hit Mr Bowen and Labor on Tuesday.
"We know they've been on a spending spree, we know that the Labor Party are spending like drunken sailors. This is not the time for this reckless spending from the Labour Party," he said.
"The reality is Chris Bowen and Bill Shorten are promising the wrong policies for the Australian economy."
It's a message that Mr Bowen pushed back against, saying the electorate was ready for change.
"People who say it's not the right time, it's usually an excuse not to do it, they don't want to do it," he told SBS News.
