Posted on 02. May, 2012 in News

No one can accuse Victorian Treasurer Kim Wells of reaching for the stars.

The Treasurer has become the master of lowering expectations but surely he has reached a breathtaking new low by his refusal today to guarantee he will meet this year’s 0.00 per cent growth target, Shadow Treasurer Tim Holding said.

In parliament today, Treasurer Kim Wells was asked whether he would at least guarantee his 0.00 per cent employment growth target for this financial year.

The question followed the release of the 2012-13 State Budget where it was revealed the predicted employment growth target for the current financial year had been downgraded by the Government from 1.75 per cent to 0.00 per cent.

“That’s right – Victoria’s Treasurer expects to create no new jobs this year but he won’t guarantee he will even meet this target,” Mr Holding said.

“Given there are only two months to go in this financial year and the Treasurer only delivered his budget yesterday, it should have been a pretty simple one to answer.

“But just 24 hours after his budget speech, Mr Wells couldn’t even say whether he would meet this extraordinary target.”

Mr Holding said the State Budget would do nothing to create jobs and grow the economy.

“Ted Baillieu and his Treasurer have no plan to keep Victorians in work,” he said.

“The State Budget was the perfect opportunity to outline a jobs and investment plan, but instead the Premier used it as an opportunity to deliver more hollow excuses about why he is doing nothing.

“Last year Kim Wells said he would create 55,000 jobs each year over the next four years, but instead he has delivered none.”

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