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Tim Bull slams retiring Treasurer Tim Pallas for leaving Victoria in financial turmoil despite claims of improvement

Gippsland East Nationals MP Tim Bull criticises retiring Treasurer Tim Pallas for leaving Victoria's economy in crisis, citing rising debt, taxes, and underfunding of regional infrastructure, despite claims of improvement.

By news@gippsland - 16th December 2024 - Back to News

The commentary from retiring Treasurer, Tim Pallas, that he has left the Victorian economy in a "solid and improving" position is laughable, according to Gippsland East Nationals MP, Tim Bull. "While I find Mr Pallas to be a personable and friendly individual and wish him all the best, the reality is he has left the state as a financial basket case. He, like Daniel Andrews, now rides off into the sunset leaving the train wreck for others," said Mr Bull.

Gippsland East MP Tim Bull slams retiring Treasurer Tim Pallas for worsening Victoria's economy and escalating debt despite claims of improvement

Victoria's rising debt

Mr Bull said, "The following figures tell the story from when he inherited government from the Liberals and Nationals in 2014, who had reduced State debt in their term."

Net debt

• 2014: $21.2 billion
• 2024-25 Budget Update: $155.2 billion (forecast to hit $187b)
• Increase: 632.1 percent

Net debt to gross state product

• 2014: 6.0 percent
• 2024-25 Budget Update: 24.2 per cent
• Increase: 303.3 percent

Tax revenue

• 2014: $16.9 billion
• 2024-25 Budget Update: $39.2 billion
• Increase: 131.7 percent

Land tax revenue

• 2013-14 Annual Financial Report: $1.7 billion
• 2024-25 Budget Update: $7.7 billion
• Increase: 365.2 percent

Payroll tax revenue

• 2013-14 Annual Financial Report: $4.9 billion
• 2024-25 Budget Update: $11.1 billion
• Increase: 124.9 percent

Government employee expenses

• 2014: $18.0 billion
• 2024-25 Budget Update: $37.5 billion
• Increase: 108.3 percent

"Now he walks out the door two days after telling us the Fire Services Property Levy on households, businesses and farmers will skyrocket," said Mr Bull.

Budget mismanagement

Mr Bull added, "Other states like NSW and Queensland went through Covid and natural disasters, arguably to a higher level than Victoria, but have managed their debt levels by having greater control over spending and not being dictated to by unions, which has caused massive blow outs."

"In addition, he has been no friend of country Victoria. We hold 25% of the state's population but have received only 13% of the infrastructure spent over recent years. Sadly, like we experienced when Daniel Andrews departed, it will be the same old Labor heading us down the wrong path," he said.

Pictures from Tim Bull MP Facebook page.

Source: www.gippsland.com

Published by: news@gippsland.com

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• Gippsland Water urges customers to prepare alternative water supplies ahead of bushfire season and fire danger period
  Gippsland Water urges customers to prepare alternative water supplies during the Fire Danger Period, recommending three litres of drinking water per person daily and monitoring service updates during emergencies.
• Gippsland Water installs filter-to-waste system to better protect Maffra drinking water from contamination risks
  Gippsland Water has installed a filter-to-waste system at Maffra treatment plant, improving drinking water protection, reducing supply disruptions, and strengthening resilience against pollution, storms, bushfires and other water quality events.
• Gippsland community groups share $60,000 in Federal Volunteer Grants to strengthen local organisations and support volunteers
  Twenty-four Gippsland not-for-profit organisations will share more than $60,000 in federal grants to improve volunteering, reduce barriers to participation and strengthen local communities.
• Gippsland students impress Darren Chester with their understanding of Australian democracy and government
  Federal Member for Gippsland Darren Chester praised St Mary’s Primary School Maffra students for their strong understanding of Australian democracy, Parliament and government during a recent civics visit and discussion.
• Wellington Shire Council opposes mandatory fourth glass recycling bin, urging Victoria to allow council flexibility instead
  Wellington Shire Council has again urged the Victorian government to scrap mandatory household glass bins, citing costs, practicality and existing Container Deposit Scheme success while seeking greater flexibility for regional councils.
• Danny O'Brien says Nationals' Bill will strengthen agricultural land protections, safeguard and recognise Gippsland farms as strategic asset
  The Nationals' agricultural land Bill would strengthen protections for Gippsland farms, recognise agriculture as a strategic asset, require impact assessments and consultation, and ensure food security is considered before major developments.
• South Gippsland Shire Council seeks community feedback on future of local aquatic facilities and swimming pools before 6 December 2026
  South Gippsland Council is seeking community feedback on the future of aquatic facilities, with ageing infrastructure, changing visitation, rising costs and renewal needs under consideration. Feedback closes December 6.
• West Gippsland community invited to document local biodiversity during first-ever month-long West Gippy Bio-Blitz citizen science projects
  West Gippsland CMA is inviting residents to join its first Bio-Blitz throughout October, documenting local plants and wildlife through iNaturalist to build a snapshot of the region’s biodiversity.
• West Gippsland Arts Centre opens 2027 exhibition applications for artists and creatives across all visual disciplines and genres
  West Gippsland Arts Centre is inviting artists across visual disciplines to submit expressions of interest for its 2027 exhibition program, with submissions closing October 12, 2026.
• West Gippsland CMA celebrates rural women’s contributions to agriculture, healthy catchments and sustainable farming futures
  West Gippsland CMA celebrates rural women’s contributions through a podcast featuring dairy farmer Jess Knight, highlighting farm life, community connections, irrigation knowledge and sustainable agricultural practices shaping the region’s future.
• Gippsland small business triumphs with award-winning High Country Hooch Distilling Enterprise at Glenaladale near Bairnsdale
  High Country Hooch Distilling owners Paul and Leanne Poulter won Best New Business at the Gippsland Business Awards, growing their Glenaladale venture into a handcrafted spirits and tasting-room destination.
• The Nationals and Liberals promise tougher sentencing, specialist criminal appeal court, greater transparency for Victorians
  The Nationals and Liberals pledge tougher sentencing, a specialist Criminal Appeal Court and greater transparency, including Children’s Court data, to restore confidence, strengthen accountability and address Victoria’s crime crisis.
• Liberals and Nationals pledge forest restoration, fuel reduction, bushfire preparedness and regional job support across Victoria
  The Liberals and Nationals propose restoring active forest management, doubling planned burns, treating more public land, expanding firebreaks and restoring 5,000 hectares annually to reduce bushfire risks and support regional timber jobs.
• South Gippsland Council highlights Seniors Festival 2026, road safety projects, community initiatives and other updates across shire
  South Gippsland Shire Council highlights Seniors Festival events, $2.849 million in road safety funding, a new Nyora public toilet, resilience initiatives, community programs and feedback opportunities across the region.
• South Gippsland Council awards $122,959 to support 20 community organisations, local projects and other updates on council programs
  South Gippsland Council has awarded $122,959 to 20 groups, while promoting local projects, bridge repairs, weed management, hard waste collections and community programs.
• South Gippsland residents invited to shape future heritage precincts across four townships through community consultation
  South Gippsland Shire Council is inviting residents across Loch, Fish Creek, Toora and Korumburra to help shape and protect their townships' unique heritage character.
• Seven Gippsland farmers markets to explore for fresh produce, local treats and delicious weekend breakfasts
  Gippsland’s seven farmers markets offer fresh local produce, seafood, baked treats, artisan goods and coffee, making weekend mornings delicious opportunities to meet growers and discover regional flavours.
• Four Gippsland students win Water Week Poster competition promoting conservation and sustainability
  Four young Gippsland artists have been recognised in Gippsland Water’s 2026 National Water Week poster competition, highlighting water conservation. Mirboo North Primary School won $500, while student Penelope placed third statewide.
• Morwell’s Gippsland Sports and Entertainment Park celebrates major $45M redevelopment and new regional sporting facilities
  Morwell’s Gippsland Sports and Entertainment Park celebrates a $45 million redevelopment, featuring five playing surfaces, 1,200 seats, upgraded facilities and new event spaces.
• Sailors Grave Brewing celebrates ten years, turning East Gippsland's produce and remote coast into a destination
  Sailors Grave Brewing celebrates ten years, growing from an Orbost butter factory brewery into a celebrated Marlo destination showcasing East Gippsland’s produce, landscapes, creativity and community through distinctive beers and local food.
• West Gippsland Landcare celebrates 40 Years of environmental action and community connection
  More than 150 Landcare supporters celebrated 40 years of West Gippsland Landcare, reflecting on achievements, community connections and future opportunities for resilient landscapes and sustainable farming.
• Melina Bath says boating licence revenue should fund ramps, parking, dredging and safety, supporting Victorian boating and fishing communities
  Victoria’s Liberals and Nationals have pledged to protect the Better Boating Fund, which delivered $130 million in four years, supporting boating facilities, waterway safety, recreational fishing and regional jobs.
• Nationals demand stronger policing as rising Latrobe Valley crime fuels growing community safety concerns and frustration
  The Nationals say rising Latrobe Valley crime and fewer police officers demand urgent Labor government action, calling for stronger policing, tougher laws and better resources to restore community safety.
• Darren Chester says Gippsland’s 15 suspected illicit tobacco store closures highlight organised crime concerns and calls for tobacco excise reform
  Gippsland MP Darren Chester says 15 suspected illicit tobacco store closures highlight organised crime concerns, advocating an 80 percent tobacco excise cut alongside stronger enforcement to combat the black market.
• Darren Chester says Gippsland’s 15 suspected illicit tobacco store closures highlight organised crime concerns and calls for tobacco excise reform
  Gippsland MP Darren Chester says 15 suspected illicit tobacco store closures highlight organised crime concerns, advocating an 80 percent tobacco excise cut alongside stronger enforcement to combat the black market.
• Darren Chester urges Gippsland men to prioritise prostate cancer checks and highlights specialist nursing support for regional patients
  Gippsland MP Darren Chester is urging men to prioritise regular health checks and discuss prostate cancer risks with doctors, highlighting specialist nurses’ vital support for patients, families and regional communities.
• Baw Baw Shire Council urges election candidates to fund critical projects before Victorian state election in November
  Baw Baw Shire Council is urging Victorian election candidates to fund critical local projects, including road upgrades, trails, sporting infrastructure, business development and a new West Gippsland Hospital.
• Cycling Without Age Gippsland returns with free trishaw rides around Sale’s Lake Guthridge for community passengers and visitors
  Cycling Without Age Gippsland has resumed free trishaw rides at Lake Guthridge, Sale, welcoming Central Gippsland Health passengers and 16 floral art convention visitors, while inviting bookings and new volunteers.
• The Nationals criticise deteriorating Princes Highway as potholes raise safety concerns in Traralgon East
  The Nationals have criticised the deteriorating Princes Highway at Traralgon East, citing 85 potholes between Traralgon and Rosedale and road damage less than 18 months after duplication.
• Bass Coast and South Gippsland businesses invited to connect, collaborate and network at upcoming Meet the Makers event in Meeniyan on 13 October 2026
  Local producers, makers and hospitality businesses across Bass Coast and South Gippsland are invited to Meet the Makers in Meeniyan on October 13, offering networking, collaboration and showcasing opportunities.
• International partners visit Gippsland to explore energy diversification and regional development opportunities firsthand together
  One Gippsland hosted European partners for a five-day Gippsland visit, exploring energy diversification, regional development, workforce opportunities, infrastructure, agriculture and collaboration between Australian and European regions.
• Danny O'Brien calls for urgent action on ongoing Gippsland power outages impacting residents, businesses and critical services
  The Nationals' Danny O'Brien is calling on the Victorian government to demand answers from electricity providers over repeated Gippsland outages disrupting residents, businesses and critical medical equipment.
• Latrobe City Council urges Premier Ben Carroll to include the region among Victoria's three free dental clinic locations
  Latrobe City Council urges Premier Ben Carroll to select Latrobe City for a free regional dental clinic, improving affordable healthcare access and reducing cost-of-living pressures.
• Nationals and Liberals pledge $5M Traralgon Tennis Centre upgrade to secure major international events and regional economic benefits
  The Nationals and Liberals have pledged $5 million to upgrade Traralgon Tennis Centre, aiming to secure the Junior International and attract major events benefiting the Latrobe Valley economy.
• Five additional VLocity train sets to boost Gippsland Line capacity and ease crowding as the Nationals commitment
  The Nationals will add five VLocity train sets to Gippsland services, providing 1,110 extra seats and enabling longer trains during peak periods to ease overcrowding on Traralgon and Bairnsdale services.
• The Nationals warn visa delays threaten harvest workforce, food supply and regional farmers already facing mounting pressures
  The Nationals warn visa delays are threatening critical harvest and agricultural workforces, urging Labor to provide certainty, faster approvals and migration settings supporting farmers, regional communities and food supply.
• Nationals and Liberals propose $115M apprenticeship fund to help small businesses cut training costs, address skills shortages and create local jobs
  The Nationals and Liberals have announced a proposed $115 million apprenticeship fund to cover 50 per cent of eligible training costs, supporting small businesses, and creating more local career opportunities for Gippsland youth.
• Nationals and Liberals pledge PSOs at Morwell and Moe Stations, mobile CCTV trailers and 24-Hour Moe Police Station reopening
  The Nationals and Liberals have pledged PSOs at Morwell and Moe stations, mobile CCTV across the Latrobe Valley, and restoring Moe Police Station to 24-hour operations under their community safety plan.
• Nationals target Premier Ben Carroll over undelivered Latrobe Valley manufacturing jobs and broken election promises
  The Nationals accused Premier Ben Carroll of failing to deliver 500 promised SEA Electric manufacturing jobs in Morwell, criticising Labor’s Latrobe Valley transition and economic record.
• Palm Lake Resort Paynesville welcomes 100th resident, boosting East Gippsland’s retirement living and local economic growth
  Palm Lake Resort Paynesville has welcomed its 100th resident, highlighting growing demand for retirement living and investment supporting local businesses and economic activity across East Gippsland.
• Celebrate the Lakes event highlighting Gippsland Lakes diversity and environmental projects protecting vital local ecosystems
  The East Gippsland Catchment Management Authority will host Celebrate the Lakes at Eagle Point, showcasing Gippsland Lakes biodiversity, environmental projects and community efforts protecting local waterways, wetlands and wildlife.
• The Nationals Leader questions Labor’s environment rules, asking whether cows grazing could trigger land clearing laws for farmers
  Nationals Leader Matt Canavan is demanding clarity on Labor’s environment rules, questioning whether cattle grazing could trigger land clearing regulations and create legal uncertainty for farmers.
• Darren Chester and Matt Canavan to tour Gippsland industries, meeting local employers and workers across seven regional towns
  Nationals Leader Matt Canavan will tour Gippsland for two days, visiting major energy, forestry, manufacturing and agricultural businesses to discuss regional jobs, investment and industry challenges.
• Southern Rural Water manages Gippsland storages during rainfall, balancing flood risks, water supplies and community safety
  Southern Rural Water managed Gippsland water storages during significant weekend rainfall, using controlled releases to create capacity, reduce flood risks and protect community safety and water supplies.
• The Nationals and farm groups warn EPBC changes create uncertainty for farmers and land management
  Nationals leader Matt Canavan met with farm groups over concerns Labor’s EPBC changes could create uncertainty and regulatory risks. Industry wants amendments, clearer guidance, mapping, support tools and independent review.
• Martin Cameron and Melina Bath heard Gippsland builders’ concerns, pledge reforms to improve housing affordability and supply
  Martin Cameron and Melina Bath met Gippsland builders to discuss housing affordability challenges, citing rising taxes, fees and planning delays. The Nationals and Liberals propose faster approvals, increased land supply and tax relief.
• Latrobe City Council pushes for jobs, investment, housing and community safety during Victorian Parliament delegation
  Latrobe City Council has urged Victorian leaders to back jobs, housing, investment, community safety, energy transition projects and infrastructure to strengthen long-term regional economic growth.
• Melina Bath seeks Labor explanation on Gippsland children face specialist dental service cuts, longer waits and costly travel for treatment
  Melina Bath says Gippsland children face longer waits after regional pediatric dental services were cut, forcing families to travel to Melbourne for specialist treatment.
• Darren Chester congratulates Gippsland Agricultural Group on successful Gippsland Red Meat Conference in Sale
  Darren Chester has praised the successful Gippsland Red Meat Conference in Sale, highlighting industry collaboration, innovation, productivity and the need to reduce red tape for farming families.
• Darren Chester joins Annabel Crabb for locally sourced Gippsland feast on ABC's Kitchen Cabinet series
  Darren Chester will feature on ABC's Kitchen Cabinet with Annabel Crabb, showcasing Gippsland produce and locally sourced food when the episode airs August 25.
• Liberals and Nationals pledge to double prescribed burning and target five percent annual public land fuel reduction
  The Liberals and Nationals pledge to double prescribed burning and work towards treating five per cent of public land annually, alongside cultural burning, improved transparency and targeted fuel reduction to strengthen bushfire preparedness.
• Liberals and Nationals to audit Latrobe Valley coal overlays to unlock land for housing and industrial development
  The Liberals and Nationals will audit Latrobe Valley coal overlays to identify outdated restrictions, potentially unlocking land for housing and industrial development while retaining protections where mine safety and ground stability remain at risk.
• Danny O’Brien urges Premier to delay Gippsland offshore wind transmission tender until after November state election
  Danny O’Brien is urging the Premier to delay awarding VicGrid’s Gippsland offshore wind transmission tender until after November’s state election, citing landholder concerns and unresolved environmental, financial and property impacts.
• Major GRISS upgrade strengthens Gippsland’s premier indoor sports and events venue for future growth
  The upgraded Gippsland Regional Indoor Sports Stadium was officially opened, delivering modern facilities, supporting local jobs, and strengthening its role as Gippsland's leading venue for community sport and major events.
• Cr John White recognised for 10 Years of dedicated service representing East Gippsland communities on council
  East Gippsland Councillor John White has been recognised for 10 years of service, including two terms as Mayor, advocating for local priorities and representing communities across government levels.
• Danny O’Brien urges premier to delay Gippsland offshore wind transmission tender until after November state election
  Danny O’Brien urges the Premier to delay VicGrid’s Gippsland offshore wind transmission tender until after November’s election, allowing community input and addressing landholder and environmental concerns.
• Liberal Nationals introduce bill to repeal Labor's firearms laws and abolish national gun buyback scheme
  Federal Member for Maranoa David Littleproud has introduced a Bill, seconded by Andrew Wilcox, to repeal Labor’s firearms laws, restore previous Commonwealth regulations and abolish the stalled National Gun Buyback Scheme.
• Venus Bay IRB Women's Rescue Team, Morrie Tatnell and Jessica Woodward recognised as one of the winners for the Life Saving Victoria Awards of Excellence 2026
  Life Saving Victoria celebrates volunteer lifesavers, aquatic professionals and organisations at Awards of Excellence, recognising outstanding contributions to keeping Victoria’s waterways safe.
• Coalition urges Labor to block foreign-backed Cobungra Station sale and protect productive farmland from carbon projects
  The Coalition has urged Treasurer Jim Chalmers and FIRB to reject the proposed foreign-backed purchase of Cobungra Station, warning productive farmland should remain dedicated to food production, not carbon projects.
• New Heart Morass watering infrastructure strengthens Gippsland Lakes wetland health and protects freshwater flows for future generations
  New watering infrastructure at Heart Morass enables controlled freshwater flows, reducing salinity and supporting wetland health, wildlife habitat and long-term resilience across the Gippsland Lakes.
• Bass Coast Council’s 2025–26 Annual Report highlights major projects, community achievements and strong financial performance across the region
  Bass Coast Council’s 2025–26 Annual Report highlights major projects, community events, environmental initiatives and financial achievements, including new trails, bike facilities and more than 369,000 native plants.