Coalition's economic plans threaten to worsen Victoria's budget woes, economists warn
Victoria's budget woes could worsen under a Coalition government, economists warn. The opposition's plans may blow a $9 billion hole in the state's finances.
Victoria's troubled budget would get worse under a Coalition government, two economists have warned, because plans unveiled so far fail to cut enough spending while reducing taxes.
The shortfall could blow a $9 billion hole in the state's finances, according to one estimate.
Opposition Leader Jess Wilson has so far promised to replace the controversial emergency services volunteers fund with the old fire services property levy, cut land tax, remove payroll tax on private schools and remove stamp duty for first-home buyers.
Ms Wilson is promising to deliver a cash surplus by 2032, partly funded by a 10-year freeze on public service hiring.
Economists warn Coalition's economic plans 'do not add up'
RMIT professor of public policy David Hayward, who conducted the analysis that found the $9 billion costings hole, said the plan did not add up.