REGIONAL Victorians will now have no choice but to pay $25 million a day to pay the interest bill on Labor’s debt that is set to rocket to $200 billion in the next two years.
That’s correct, $200 billion of debt.
Labor has no plan to pay down this debt – the highest of any state in the nation.
It is simply relying on more taxes paid by you, your children and their children to pay for the ever-increasing interest bill.
After 10 years of Labor, 56 new or increased taxes have been introduced despite promising to introduce none.
Premier Jacinta Allan and Treasurer Tim Pallas continue to put their city-based legacy projects, that are currently buckling under $40 billion in cost over-runs, ahead of the needs of Victorians.
This financial pain will only continue to deepen as the Premier signs Victorians up for Suburban Rail Loop contracts when we can’t afford it, and we have not finished the projects currently under way. This defies logic.
Labor arrogantly pursues these projects without heeding the advice of economic and financial experts – they are driving Victoria off the financial cliff.
Victorians deserve better.
It’s time for the Allan Labor Government to stop the madness and finally listen to cries for help from Victorians battling the cost-of-living crisis.
Labor can’t manage money and regional Victorians are paying the price.
Peter Walsh
Leader, Victorian National Party
