Data released today by the Australian Bureau of Statistics reveals Victorian wages have had the slowest rate of annual growth in the country.
Victoria's wages increased 3.3 per cent over the year, while in Queensland wages lifted by 4.6 per cent, 4.2 per cent in both New South Wales and Western Australia and 5.1 per cent in Tasmania.
This data follows a rise in Victoria's unemployment which is also the highest in the country, with more Victorians out of work from the month prior.
The Allan Labor Government must take responsibility for these poor results which signal a worsening economic outlook for the state.
While other states and territories invest to grow their economies, Victoria is going backwards after Labor introduced 55 new and increased taxes and charges on families, singles and businesses since coming to government and debt is set to reach a record $187.8 billion by 2028.
Only a Liberals and Nationals Government will address the continued deterioration of Victoria's finances under Labor.
A future Pesutto Government will:
• Rein in skyrocketing debt, legislating a Victorian debt cap at our first budget.
• Act on our wholesale review of Victoria's tax system, providing tax relief for families, businesses, and individuals.
• Review all major projects, including the Suburban Rail Loop, to ensure value for money for Victorians.
• Establish Construction Enforcement Victoria to bring transparency back to all major project contracts.
Shadow Treasurer, Brad Rowswell, said: "Victorian businesses have had enough of this tired, incompetent Allan Labor Government. After a decade of financial mismanagement, businesses are reducing hours, freezing wages and in the worst cases letting their staff go.
"Why would you stay in Victoria where you'll earn less, pay more taxes and receive fewer services?
"Labor cannot manage money, cannot manage our economy and Victorians are paying the price."
