Wednesday, 13 May 2026
Members statements
Economic policy
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Please do not quote
Economic policy
Gaelle BROAD (Northern Victoria) (10:03): Labor are gambling with our state’s finances. Debt is spiralling, and with it, so does the interest bill. We are paying more than $1 million every hour to service a debt that is fast approaching $200 billion. We are now paying over $24 million every day in interest, and that interest bill keeps going up. The state budget has higher debt, higher taxes and higher interest, with no plan to fix it, and when you waste money on interest repayments, there is less money for essential services to pay for more police, better roads, schools, health services and transport. Right now families are feeling the pressure and businesses are struggling, and it is going to take time to fix the state budget. The Nationals and Liberals team have released a 10-year plan to secure Victoria’s economic future – a plan that will fix the budget and lower taxes, including payroll tax and land tax, and a plan that will make life easier and grow our economy again. We will reduce the debt and interest burden, build business confidence, drive investment and jobs, unlock housing supply and reform planning, restore energy security and reduce costs, shift infrastructure to local priorities and put a hiring freeze on back office roles to guarantee essential services. Victorians deserve a government that respects their money. We will be open and honest and manage your money responsibly. There is a state election in November, and it is time for a fresh start. The Liberals and Nationals team are committed to fixing the budget, lowering taxes and upholding accountability and transparency in government.