Despite a desperate cash grab on employee entitlements, debt will continue to rise under Labor.
Opposition Leader Lawrence Springborg said today’s Budget, handed down by the Palaszczuk Government was a return to the bad old days of Labor.
“Before being elected Annastacia Palaszczuk and Curtis Pitt promised Queenslanders they would pay down debt, deliver surpluses and not sell assets,” Mr Springborg said.
“Today we know for certain that Labor is breaking its promises to Queenslanders.
“Debt will continue to rise, because the Palaszczuk Government is refusing to listen to Treasury advice and deliver fiscal surpluses.
“Labor has also left the door open to asset sales, indicating they will ‘examine’ using public servants superannuation to transfer the ownership of government businesses. This is asset sales by stealth.
“Curtis Pitt’s cheap tricks will come at a huge cost to Queenslanders.”
Shadow Treasurer John-Paul Langbroek said under Labor economic growth was down and unemployment was up over the next three years when compared with the LNP Government.
“Queenslanders voted for a government promising jobs, but sadly they have been let down,” Mr Langbroek said.
“Nothing in this Budget boosts confidence for business, nor does it prove that there is a competent government at the helm.
“We know this Budget is bad news for Queensland because it says so – it’s bad for jobs, bad for business and bad news for the economy.
“Queenslanders deserve better than this.”
- General government fiscal balance is $4.2 billion worse off when comparing the LNP to Labor over the next three years.
- Operating balance is $3.6 billion worse off when comparing the LNP to Labor over the next three years.
- Total government fiscal balance is $5 billion higher over the next three years when comparing the LNP to Labor.
- Of the $5.4 billion raided from long service leave and superannuation payments, only $2.6 billion will be used to lower debt in 2017/18 and despite this, debt will continue to rise.