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LNP spendometer in overdrive: hydro-electricity

The LNP last night voted in State Parliament to bypass a feasibility study into their proposed Tully Millstream hydro-electric project and move straight to promising its construction.

Treasurer and Minister for Trade and Investment, Curtis Pitt, says the LNP’s unfunded promises have hit a total of at least $19 billion.

Mr Pitt said the LNP’s “spendometer” for unfunded promises could top $48 billion if Tim Nicholls decided to be honest with Queenslanders and reveal the price tag for the very fast train he had promised for South East Queensland.

“The LNP spendometer is in overdrive and they will sack, cut, and sell to pay for it,” he said.

Mr Pitt said the LNP last night voted in State Parliament to bypass a feasibility study into their proposed Tully Millstream hydro-electric project and move straight to promising its construction.

“We do not support this unviable project because it is financially and environmentally irresponsible,” Mr Pitt said.

“The project is estimated to cost up to $4.2 billion and there is no funding for it in the State Budget forward estimates.

“Yet the LNP is now committing to funding its construction, along with other totally unfunded promises it has made.

“Those unfunded promises include their plans for a $2.5 billion Roma Street education and entertainment precinct with a new sports and entertainment arena in Brisbane; $1 billion for a South Bank science academy and aquarium; and at least $2.5 billion for a North Queensland coal-fired power station.

“The LNP has also rejected significant revenue measures in the State Budget.

“It all adds up to the fact that the LNP’s spendometer has hit $19 billion in unfunded promises.

“If you add to this very long list the LNP’s very fast train, the LNP spendometer could top $48 billion.

“Queenslanders deserve some facts and some honesty from the LNP.

“The LNP must say what services they will cut, who they will sack, and what assets they will sell to prop up their unfunded promises.

“Or will the lazy Opposition Leader go back to his ‘wrong choices’ and massively raise taxes, fees and charges?”

Mr Pitt said all commitments made by the Palaszczuk Government were fully funded.

He said it was ironic that the LNP’s unfunded promises could push state debt to more than $100 billion when the LNP had previously claimed that would happen under Labor.

“Instead, under our economic plan debt is lower on both the general government sector and non-financial public sector measures than it was in the LNP’s own Budget forecasts.

“It shows that only one side of politics in Queensland are responsible economic and fiscal managers and that’s the Palaszczuk Government,” Mr Pitt said. 

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