Labor’s “big borrow” to be spent on 2018 election commitments

Labor’s Education Minister, James Merlino, has today at a Parliamentary Committee hearing admitted that Labor will be using some of the $24.5 billion of “pandemic” borrowings to fund school building election commitments from 2018.

The admission that Labor’s “big borrow” will be spent funding election commitments from 2018 shows that Labor had run out of money.

Labor is now using the coronavirus pandemic as cover for its economic incompetence.

This is just the latest admission by Labor that the real reason it needs to borrow over $24 billion is that Daniel Andrews and his Treasurer can’t manage money and can’t balance the budget.

Comments attributable to Shadow Minister for Education, Cindy McLeish:

“Labor’s claims they’ve borrowed $24.5 billion due to the pandemic have gone up in smoke.

“It’s now clear they’re using these borrowings to complete school upgrades they had promised to do, but don’t have the money to complete.”

Comments attributable to Shadow Treasurer, Louise Staley:

“Having butchered the budget before COVID-19 and the bushfires, now Daniel Andrews and his team admit they are borrowing to fund 2018 election promises.

“The Liberal Nationals have called for transparency on how these borrowings are spent to ensure Labor doesn’t just use it to fill its budget black holes.”

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