Fake surplus

Labor’s fake budget surplus built on the TAC dividend has been exposed in PAEC today.

Under questioning at The Public Accounts and Estimates Committee (PAEC) today, the Secretary of the Department of Treasury, David Martine, admitted that the State Budget is in deficit without the dividends Labor is ripping out of the State’s insurers.


When asked if the State Budget was in deficit without the dividends Labor is ripping out of insurers such as the TAC and WorkCover, Mr Martine confirmed that the dividends will feed through to the surplus.


Labor’s budget and fake surplus is being propped up by Daniel Andrews outrageously raiding the TAC and WorkCover to cover up his financial mismanagement.


Labor’s high taxing budget with a fake surplus is an economic ticking time bomb.


Louise Staley MP

Shadow Treasurer

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