Victoria's debt set to quadruple under Labor

Liberal Party Victoria

Victoria is at risk of losing its current credit rating, with ratings agency S&P Global forecasting that the state's debt is on track to quadruple to over $200 billion between 2019 and 2025.

Daniel Andrews and Labor have lost control of Victoria's infrastructure projects, botching the scoping and allowing billions in cost overruns.

The failure to control these massive State Government projects has forced Daniel Andrews to break his promise of no new taxes, with Labor having introduced 40 new or increased taxes since 2014.

Shadow Treasurer, David Davis said the taxes are hurting families and crippling the standard of living of Victorians.

"Instead of supporting Victorians to recover and rebuild, Labor continues to waste billions on major project cost blowouts time and time again, leaving Victorians to pick up the tab."

As part of the state's recovery, the Liberals and Nationals have committed to an urgent independent audit of state government projects over $100 million in value.

The Liberals and Nationals have also committed to the re-establishment of a Parliamentary Public Works Committee to ensure better scrutiny and accountability.

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