Media Release

27 November 2015

O’Brien: 2015-16 Budget Update

Friday 27 November 2015

 

2015-16 Budget Update

This Budget Update shows that the Andrews Labor Government has lost control of the economy.

The only thing that is going up in this budget is taxes and public sector wages.  Tax revenue projections are up over $411 million in just six months, and public sector wages have blown-out by $522 million since the May budget.

These figures show that Daniel Andrews and Tim Pallas have slashed $ 5.8 billion from infrastructure investment since the pre-election Budget Update.

Public sector wages increased 8.5% since the Coalition left office and over $522 million since the last Budget.

It’s not just the East West Link the government has canned, $5.8 billion worth of projects and jobs have ground to a halt.  Victoria has a jobs crisis with over 10,700 full-time jobs lost in regional Victoria since Daniel Andrews came to office a year ago.

Victorians are being slugged nearly half a billion dollars in tax to pay for a public sector wages blowout.

This is yet more evidence of tax and spend mismanagement while cutting important infrastructure we need.

With debt having increased to $23 billion, Labor’s spending spree puts Victoria’s finances at risk