Labor can’t manage money. The previous Labor Government’s waste included:
- a $17 billion blow out from failed border protection policies;
- around $7 billion wasted from excessive building costs from their $16 billion “Building the Education Revolution” (school halls rip off);
- over $2 billion from the pink batts fiasco, which resulted in 220 house fires and 70,000 repairs.
After inheriting a $20 billion surplus, Labor delivered 6 deficits totalling $240 billion.
In 2014, the International Monetary Fund reported Australia’s government spending growth between 2012 and 2018 (under Labor’s budget settings) was projected to be the highest among 17 advanced economies.
The previous Labor Government introduced the world’s biggest carbon tax, a disastrous mining tax and tried to introduce a fringe benefits tax on salary packaged or employer-provided cars.
In 2012-13, when Albanese was in Cabinet, Labor cut Defence spending to its lowest level since 1938.
In 2011, Labor also stopped funding medicines on the Pharmaceutical Benefits Scheme – including medicines for severe asthma, chronic pain, schizophrenia, blood clots, endometriosis and enlarged prostates.
It was left to the Coalition Government to fix Labor’s mess.
In 2018-19, the Coalition achieved the first balanced Budget in 11 years.
