The Allan Labor Government's so-called 'Economic Growth Statement' has been further exposed as a sham, with revelations that Labor has no idea what, if any, economic growth its initiatives will deliver.
Under questioning by the Victorian Parliament's Public Accounts and Estimates Committee (PAEC), Minister for Economic Growth and Jobs, Danny Pearson, confirmed that no modelling has been conducted into the impact of the Economic Growth Statement on Gross State Product (GSP).
This comes despite the recent State Budget claiming to invest $240 million to deliver the Economic Growth Statement - funding which has no clear benefit for taxpayers or the Victorian economy.
Shadow Minister for Industry and Growth, Jess Wilson, said: "Labor's so-called 'Economic Growth Statement' is a fraud that will not deliver for Victorians.
"Labor is claiming to invest a quarter of a billion dollars in economic growth initiatives, but doesn't know how much economic growth, if any, it will create.
"Labor's failure to model the impact of its so-called growth statement is further evidence this is a just a glossy political document and not a serious plan to grow Victorian jobs, businesses and economic opportunity.
"Labor cannot manage money and Victorians are paying the price."
