Just when you think the outcome of the Andrews debt mountain could not get any more severe we find this little black nugget in this weeks budget.
We now know that the Andrews/Allan government is prepared to trade off saving lives for paying interest on waste and overruns on major projects. We all need to understand interest will very soon run at $25m per day for ever.
The Andrews/Allan government has slashed cancer research in the latest budget to just $57.3m
Why would any sane government try and kill off a life saving industry, world renowned that attracts the world's best and results in high paying jobs in our state.
These brilliant researchers are highly mobile, my son's best mate now works in Sweden in medical research as his funding was cut. When he makes the breakthrought Sweden will get the benefit yet we trained him at Monash University, go figure.
The Andrews/Allan government have zero credibility and you will not see a premier or minister for days.
The best thing they can do is admit the mistake and restore the funding. Just grow a set and fix the wrong decision.
See Summary from Herald Sun below.
**********************************************************************
Herald Sun 9th May 2024
Top scientists warn world-leading medical research institutes could go broke in Victoria and lifesaving breakthroughs will be threatened after multimillion-dollar cuts in the
state budget.
Leading cancer researcher Professor Grant McArthur said rising cancer diagnoses meant now was “not the time” to slash funds, while the peak body for medical research institutes warned the government had missed an opportunity to fund discoveries for “lifesaving” treatments.
Treasurer Tim Pallas’s
budget on Tuesday revealed medical research funding was being cut to $57.3m in 2024-25, down for the second year in a row.
The government had invested $68m in the 2023-24 financial year, and $108.1m the year prior.
The $50m drop is a massive loss for the research sector, but would cover just two days worth of interest fees on the
government’s staggering debt.
