Tony Abbott is gunning for Australia's next Prime Minister Position and former Federal Treasurer Peter Costello believes he can win. Abbott faces stiff competition from current PM Julia Gillard but Costello thinks otherwise - even if Abbott strips naked Costello believes he can win.

While Abbott's chances of getting the country's lead position seem to increase by the day, the current leadership does not welcome the thought. Despite the support from an elder in the Liberal, the current team in power is fighting to make ends meet and address expectations.

Costello shared in an interview the challenge the next government is facing. The next Prime Minister needs to work out a scheme to prevent more deficits while maintain basic government services.

The Coalition is beefing up its game for the upcoming elections but people remain uncertain whether Abbott leading the government is the solution to the country's mishap. There is much to work on - stringent reforms and improved tax system for sustainable development.

"The (broken) promise to have the budget in surplus has been quite catastrophic for Gillard," ABC quoted Mr Costello said. He also said that unless Abbott started raving mad all across the streets then it is the only time he would lose.

GST Inquiries

Amidst talks on his candidacy, Abbott remains secretive about the details his meeting with Western Australia's Premier. Speculations indicate the Federal Opposition Leader is in talks about possible changes to the GST. The prime minister candidate reportedly visited north-west Tasmania to lay out his economic plans for the state in detail.

Previously, Abbott released a Coalition discussion paper detailing 12 ways to boost the economy of Tasmania. The paper was released during the Australian weaving mills tour in Devonport.

"We have no plans to change the GST, no plans whatsoever â€" no plans whatsoever and I point out that nothing can ever happen in terms of the GST without the agreement of all the states and territories," Abbott clarified to Yahoo.