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Martin Cameron backs Coalition 10-year plan to restore Victoria’s budget, cut debt, reduce taxes and strengthen essential services

Martin Cameron has backed the Coalition’s 10-year economic plan for Victoria, aiming for a cash surplus by 2032, reducing debt and taxes, strengthening essential services, and improving budget transparency.

By news@gippsland - 12th May 2026 - Back to News

The Nationals’ Member for Morwell, Martin Cameron, has backed the Coalition’s new 10-year economic plan which he says will revitalise the state and make life easier for all Victorians. The centrepiece of the plan is a commitment to achieve a cash surplus by 2032. Only then will Victoria be raising more money than it spends, allowing for the retirement of debt and reduction in Victoria’s $1 million an hour interest bill. The plan includes:

• Prioritising the essential services and frontline workers Victorians rely on through an Essential Services Guarantee, and a hiring freeze of back-office roles
  Progressively increasing the land tax threshold to $300,000
• Signalling Victoria is open for business by increasing the payroll tax threshold to $1.2 million by 2028-29, then reducing the metropolitan payroll tax rate to 4.8 per cent from 2030-31
• Cleaning up the books by establishing a Charter of Budget Honesty and Real-Time Expenditure Tracker
• Ending the $15 billion of Big Build corruption by establishing a Royal Commission and new construction sector watchdog
• Scrapping Labor’s divisive Treaty - saving taxpayers $1 billion
• Removing Labor’s emergency services levy, repealing taxes on schools, visits to the GP, short-stay accommodation and lifting the stamp duty free-threshold to $1 million for first home buyers

Martin Cameron says Victoria faces economic challenges after a decade of Labor, calling for a disciplined plan to achieve surplus and repay $200 billion debt

Kokoda scholarship award

Mr Cameron said, "Under Labor, Victoria will spend more on interest repayments next year than on Victoria Police, Ambulance Victoria and kindergarten services combined, with $1 billion still left over. This ultimately means less money is being spent in the regions - on our roads, our hospitals, our schools and our police resources."

"After a decade of Labor, our state faces significant economic challenges, and Victoria needs a new approach to managing the books. It won’t be easy, but our plan outlines a disciplined and responsible pathway to a cash surplus which will allow us to repay the $200 billion debt burden Labor has left Victorians," Mr Cameron said.

Pictures from Martin Cameron MP website.

Source: http://gippsland.com/

Published by: news@gippsland.com

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