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

Recent Posts

See All

Move to stop drug drivers not enough

Changes have finally been announced today to stop drug drivers being able to continue driving while awaiting a fine, following a year-long call from the Liberal Nationals. But these changes don’t go f

The Victorian economy hit hard by the second wave

Every day new economic data is released showing that the Victorian economy has been hit the hardest by the harsh lockdowns put on Victorians caused by the bungled hotel quarantine debacle. Today Sensi

Contact Us

03 9794 7667

1/31 Princes Highway, Dandenong VIC  3175

Connect with us
  • Facebook Social Icon
  • Twitter Social Icon
  • Instagram Social Icon
  • YouTube Social  Icon