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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

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

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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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