Labors Economic Plan Debacle We all waited a long time to see Labor’s economic plan – what a debacle. Labor’s debt ‘strategy’ is all smoke and mirrors. After leaving Queensland with $80 billion of debt, they want us to believe they will now be more careful with taxpayer’s money. What’s more, the plan itself looks set to increase electricity prices and axe jobs. Labor’s proposal to merge Ergon, Energex and Powerlink will see job losses in these corporations. Labor has already admitted that there will be redundancies. Labor’s plan to set up a debt ‘trust fund’ to deposit revenues from these Government Owned Corporations (GOC’s) ignores the fact that these revenues are already committed in Queensland Government department budgets to deliver services. You can’t spend money twice, so Labor is obviously planning to do one of two things - drive up electricity prices so it can take more GOC profits to put in the debt trust fund, or cut those government services currently funded from GOC revenues. So which will it be? There is a $1.3 billion black hole in Labor’s budget. Labor’s “magic pudding” economic plan shows they cant budget, cant be trusted to manage taxpayer’s money carefully and don’t understand the debt problem they created. The LNP has dramatically reduced Labor’s budget deficit and is now set to deliver the first budget surplus Queensland has seen in a decade. The LNP are the only team who have a strong and credible financial and economic plan for Queensland. Townsville Enterprise, Advance Cairns, Cassowary Coast Regional Council, Hinchinbrook Shire Council, Townsville City Council, Innisfail District Chamber of Commerce Industry & Tourism Inc., Mission Beach Tourism Inc., Tully & District Chamber of Commerce, Hinchinbrook Chamber of Commerce Industry & Tourism, Townsville Chamber of Commerce
Posted on: Sat, 17 Jan 2015 02:49:42 +0000
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