The Liberals have proposed more than $1.7 billion of new spending, which will all be borrowed money.
But they have failed to account for the interest payments on all this extra debt.
Over five years, all their new debt will see Tasmanians paying as much as $240 million in interest repayments – and that’s if interest rates don’t rise any further. How do the Liberals plan to pay for that?
This is a massive mistake from Jeremy Rockliff and Michael Ferguson, and it shows that after 10 years they’re no longer up to the job.
Will they break their election promises to find the money for the interest payments? Will there be more health cuts? Or will taxes be going up in a cost of living crisis?
Whatever the answer, Tasmanians know that if they can’t trust Jeremy Rockliff’s numbers, they can’t trust his promises.
Shane Broad
Shadow Treasurer