BAILLIEU MUST END COSTINGS COVER-UP AND SUBMIT ELECTION PROMISES FOR TREASURY COSTING

BAILLIEU MUST END COSTINGS COVER-UP AND SUBMIT ELECTION PROMISES FOR TREASURY COSTING

Posted on 05. Oct, 2010 in News

New costings of the Opposition’s policies have revealed that Ted Baillieu’s policies would cost more than $3.3 billion and destroy Victoria’s reputation of having the strongest finances in the country.

Treasurer John Lenders announced that the Government would submit its election policies to be costed by Treasury and called on Ted Baillieu to try to recover some semblance of economic credibility by subjecting his costings to scrutiny by the Victorian Treasury.

“Mr Baillieu has never had to budget for anything in his life which is why he is afraid to reveal his costings to the public,” Mr Lenders said.

“Mr Baillieu has made more than $3.3 billion worth of promises and it is still four weeks until the election period even starts.

“We will not let Mr Baillieu hide his costings until after the election is over like Tony Abbott did. We will be submitting our costings to Treasury and I call on Mr Baillieu to do the same.”

Mr Lenders said provisions for Treasury to cost the election policies of political parties were part of the caretaker conventions which are available at www.dpc.vic.gov.au

“Just as in Canberra, all political parties should submit their policies to be costed by the Victorian Treasury to ensure taxpayers are not left with a financial black hole after election day,” Mr Lenders said.

He said Victoria had the strongest budget in the country but every government has financial constraints and financial discipline was needed in the face of global economic uncertainty.

“Mr Baillieu is weak and doesn’t understand that all governments need to maintain a financial buffer against the economic aftershocks from the Global Financial Crisis,” Mr Lenders said.

“All political parties need to demonstrate the financial discipline that has protected Victorian jobs from the worst of the Global Financial Crisis so far.

“Mr Baillieu is yet to make some of his most expensive election promises as he has not yet produced a transport plan.”

Mr Lenders said Mr Baillieu had failed in his responsibility to cost the Opposition’s policies and called on him to immediately provide full costings for the policies on the Opposition’s website.

“Mr Baillieu is promising everything to everyone without a care in the world for the budget’s bottom line.  Mr. Baillieu is too weak to protect the economy by refusing any calls for more spending.” Mr Lenders said.

Mr Lenders said he would not be routinely releasing the costings of every one of the Opposition’s policies as it was Mr Baillieu’s job to do his own costings homework, however he would be keeping a close eye on the ever expanding list of promises being made by Mr Baillieu.

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