Tuesday, 3 February 2026

 David DAVIS (Southern Metropolitan) (20:23): I want to draw the chamber’s attention to the Reserve Bank announcement today of the massive rise – the 0.25 per cent rise, to 3.85 per cent – which will hit many families very hard. Everyday Victorian families are going to feel this hit. This is a failure of Labor. It is a failure to manage money. You cannot trust Labor with money at a state level or at a federal level. Massive, massive, massive growth in the –

A member interjected.

David DAVIS: Well, I have got to tell you, your Labor mates in Canberra are responsible for this. They are the ones – your mates in Canberra, your Labor mates – who have actually caused this problem, a massive explosion of spending, and this has driven up what has gone on here. The community are going to feel it very hard. The families that are struggling, families that are doing it tough, are going to feel it very, very directly because of what Labor has done. I think the community have had enough of the tax rises, they have had enough of the interest rate rises, they have had enough of Labor and the costs that go with Labor. Whether it is Victorian taxes, whether it is the massive spending that you have seen at a federal level, the enormous waste that we have seen –

Members interjecting.

David DAVIS: I will tell you what we would not do: we would not waste $50 billion on cost overruns. I am not talking about the value of the projects, I am talking about the cost overruns at a state level – $50 billion in cost overruns. That is a huge amount of an addition to the state debt, more borrowing by Victoria – (Time expired)