Victoria Has ‘Huge Spending Problem’: Libertarian MP Calls for Cuts to Bureaucracy

Published on December 18, 2023

Libertarian Party Member of the Legislative Council (MLC) David Limbrick believes Victoria has a “huge spending problem” saying current debt levels are unsustainable. The libertarian suggested cutting back the size of government, pausing or cancelling major projects, and slashing expenditure should be the solution, rather than raising more revenue. On Friday, a budget update released by Victorian Treasurer Tim Pallas revealed net debt is projected to hit $135.5  billion (US$91 billion) by June 2024. Further, by the year 2027, debt is set to reach $177.8 billion (US$119.5 billion), which is $6.4 billion (US$4.3 billion) higher than the estimate in the May state budget. Outlining his vision to reduce the debt, Mr. Limbrick suggested the government should be cutting back spending, instead of increasing revenue through introducing a string of new taxes....

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