Media Release

04 November 2015

O’Brien: Victorian Budget Deficit

Wednesday 4 November 2015

 

Victorian Budget Deficit

Today, the Auditor General has blown the whistle on the Andrews Labor Government’s attempt to cook the books by hiding their budget deficit.

It has taken Daniel Andrews and Tim Pallas less than a year to blow the budget and put Victoria into deficit.

The 2014-15 Annual Financial Report shows that Daniel Andrews has not only driven Victoria into deficit but has increased debt by $1.1 billion.

Under Labor Victoria is seeing a budget deficit for the first time in over 20 years while debt is increasing and thousands of full-time jobs are being lost.

With Victoria being the worst performing state in Australia for full-time jobs, we need a strong plan to drive economic growth and not Daniel Andrews’ deficit budgets and financial mismanagement.