Treasurer Tim Pallas must rule outintroducing new or increased taxes in the upcoming State Budget, with Victoria set to receive an additional $3.7 billion in GST revenue in 2024-25.
The Commonwealth Grants Commission has today increased Victoria’s GST payments from $18.5 billion in 2023-24 to $22.2 billion for 2024-25.
With Victorians enduring a cost-of-living crisis, the Liberals and ³Ô¹ÏÍøÕ¾s again call on Labor to rule out introducing new or increased taxes in the State Budget to be delivered on7 May.
Shadow Treasurer, Brad Rowswell, said: “Treasurer Tim Pallas must stop making excuses and provide Victorians with the certainty they need by ruling out raising taxes in the upcoming State Budget.
“Labor should not be making a bad situation worse by continuing to raise taxes on Victorians in the midst of a cost-of-living crisis.
“With 53 new or increased taxes introduced since Labor came to office almost a decade ago and debt set to reach $177.8 billion by June 2027, Victorians are paying the price for Labor’s mismanagement.”
