More woe for Tony Abbott over broken election promises as forecast tips shortfall in new jobs Prime Minister Tony Abbott: Facing pressure over broken election promises. Photo: Andrew Meares The Abbott government faces more pressure over broken election promises as a new analysis shows it will fall well short of its pledge to create a million jobs over five years. Despite Tony Abbott's repeated vows as opposition leader to "under-promise and over-deliver" in government, new parliamentary research into the government's own economic forecasts indicates the Coalition will fall at least 200,000 jobs short of its target. The analysis, carried out by the Parliamentary Library at the request of Labor, was backed by a range of economists. Mr Abbott vowed repeatedly before the election to create 1 million jobs over five years, and 2 million over a decade, by scrapping the carbon and mining taxes, cutting red tape for business and boosting productivity, among other measures. By combining Australian Bureau of Statistics economic data and Treasury's jobs growth forecast in last month's mini-budget, the library calculated the Australian economy would add about 620,000 jobs over the next four years. Even allowing for a fifth year for the government to meet its pledge, the figures show it will fall well short of 1 million new jobs. The mini budget, or Mid-Year Economic and Fiscal Outlook (MYEFO), was the government's first major economic statement. The analysis follows broken Coalition promises on schools funding and the rollout of the National Broadband Network, as well as hints at changes to paid parental leave, the national disability insurance scheme and Medicare. It also comes as the government battles the fallout over job losses resulting from the planned pullout by Holden and layoffs by SPC Ardmona. Acting Treasurer Mathias Cormann stood by the jobs pledge, blaming Labor for the modest jobs growth forecast in the MYEFO. "It is no secret that we inherited an economy growing below trend, rising unemployment and a budget in very bad shape from the previous Labor government in which Bill Shorten was a senior cabinet minister," he said. MYEFO is a reflection of that. Shadow treasurer Chris Bowen said the shortfall would become Mr Abbott's "biggest broken promise." "We cannot continue to see the poor performance on jobs continue with mass layoffs, particularly in manufacturing, as the government abandons any meaningful role in fostering innovation and the high-skills and high-wage jobs that come with that," he said. University of Newcastle centre of full employment and equity director Bill Mitchell said the jobs promise was "incredibly farfetched." Professor Mitchell said the shortfall would be greater even than the library's figures suggested as Treasury's employment forecasts were overly optimistic. Employment growth over the past two years had been "virtually flat," he said. Deep cuts flagged by the government in its coming May budget would worsen the problem. They're talking about a very tough fiscal position in May ... If they are true to their word ... then they will be worsening the current situation, which is parlous. Bank of America Merrill Lynch chief economist Saul Eslake said the government would need real GDP growth to be 4 to 4.5 per cent. Nobody is forecasting that.