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The Liberal Democrats have always had costed plans to make sure pensions are funded generously.
Jeremy Sinclair later admitted that they had costed Labour's shadow budget as containing £35bn of public spending and "basically divided it by the number of taxpayers in Britain".
Interviewed on Sky News on Thursday, Turnbull confirmed that Treasury had costed the company tax cuts, and included the costing in its overall forecast that the budget would return close to surplus by the end of the decade.
While Treasury had costed the cuts it had "not identified the dollar cost of that particular item... what it has done is set out a medium-term outlook which takes account of the company tax cut and of course all the other tax arrangements, so it makes a number of assumptions... and it shows the budget restoring to balance, which is where it should be," the prime minister said.
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