MEDIA RELEASE

18 May 2020

 

Tim Quilty questions effectiveness of $2.7 billion Building Works stimulus scheme

Liberal Democrats Member for Northern Victoria Tim Quilty believes the Andrews Government is giving Victoria a sugar hit of spending in its $2.7 billion Building Works economic stimulus package.

Today’s announcement by Premier Daniel Andrews is a diversion which hides the real damage the Labor Government has done through economic mismanagement, says Mr Quilty.

“On the face of it, it seems like a necessary response, but what it actually does is hide the underlying problem: Labor’s economic mismanagement,” Mr Quilty said.

“The Auditor-General reported that Victoria’s net debt rose from $2.9 billion as of June 2018 to $6.3 billion by June last year - in 12 months Labor more than doubled our debt.

“And all that is before we factor in the cost of the bushfires and the damage of the coronavirus measures.

“I shudder to think about where our net debt will be next month following this $2.7 billion Building Works announcement.”

Mr Quilty believes the Labor Government is distorting the economy to make everyday Victorians dependent on government spending.

“This Government likes to exert control over us, we’ve seen this clearly demonstrated in the excessive restrictions forced on us during the coronavirus lockdown,” Mr Quilty said.

“We are seeing Mr Daniels ignore fiscal responsibility and, having destroyed small business, spend in such a way as to replace the private sector with State-controlled spending.

“He’s doing this by putting Victorians into ever-increasing debt, giving us a short hit of economic stimulus but leaving us all, including young Victorians, saddled with greater and greater debt.

“This addiction to debt and deficit is a key Labor weakness and will leave today’s students – whom Mr Daniels is pretending to help with his schools spending package – saddled with an enormous burden which they will struggle with throughout their working lives.”

For more information, contact Graham Springett | 0408 208819