Posted on 10. Nov, 2010 in Election Media Release, News


Cost of election promises so far:

Party Output cost so far Capital cost so far
Coalition $4.40 billion $3.78 billion
Labor $2.43 billion $852.4 million


While Shadow Treasurer Kim Wells has gone missing Ted Baillieu has promised $8.18 billion worth of taxpayers’ money in an uncosted and unaffordable spending spree that would put Victoria into deficit.

Treasurer John Lenders said he was amazed by the level of reckless spending by Mr Baillieu despite the many warnings he had made over recent weeks.

“Just like Tony Abbott, Mr Baillieu is refusing to submit his election promises to the independent Treasury for costing,” Mr Lenders said.

“This isn’t monopoly money – its taxpayer’s money and Mr Baillieu is refusing to show how much of it he is going to spend.

“If Ted Baillieu thinks running the state and managing Victoria’s $45 billion budget is just a game he’s not ready to govern. 

“Many of his promises are so lacking in detail that Mr Baillieu is unable to determine the true cost of his spending spree.

“Just today, Mr Baillieu announced a health policy but could not say how many nurses would be employed.

“Victorians would be alarmed at the lack of detail and risk posed by Mr Baillieu’s uncosted and unaffordable spending spree. Mr Baillieu is deliberately and arrogantly withholding the truth about his uncosted promises.

“Our AAA rated Budget and surpluses have not happened by accident. They have happened because our Government has fought hard for them and because we are determined to deliver disciplined budget management.

“As the Treasurer of this State, I cannot simply watch Mr Baillieu spend taxpayers’ money like this and put the AAA rated Victorian Budget into the red.”

For more information visit http://www.splurgeometer.com.au

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