Victoria State Budget To Be $660 Million Worse Off With Carbon Tax

Victoria State Budget To Be $660 Million Worse Off With Carbon Tax

Victoria Treasurer Kim Wells

Gillard Government Carbon Tax To Devastate Victorian Families And Businesses

Victor P Taffa

New economic analysis released by the Victorian Coalition Government today clearly shows the devastating impact of the Gillard Government’s carbon tax on Victorian families and businesses.

The report by Deloitte Access Economics a leading economic consultancy titled Modelling the Clean Energy Future Policy shows that by 2015:

  • There will be 35,000 fewer jobs than would have been the case without a carbon tax;
  • Investment will be down almost $6.3 Billion, or 6.6 %;
  • Per capita income will be more than $1,050 lower;
  • The Victorian State Budget is predicted to be almost $660 Million worse off.

“This analysis clearly shows Victorian households and businesses will face costs as a direct result of the Gillard Government’s carbon tax that will keep increasing year after year.” Treasurer Kim Wells said today.

“Whether it’s tens of thousands fewer jobs by 2015, billions of dollars less in investment, more than $1,000 less in income per person or the hundreds of millions of dollars ripped out of the State Budget, the Gillard Government’s carbon tax will affect all Victorians.” Mr. Wells said.

The Deloitte Access Economics report also highlights the devastating impact the Gillard Government’s carbon tax will have on regional Victoria.

By 2015 there will be 1,600 fewer jobs in the Barwon area, 1,250 fewer in Gippsland and over 1,750 fewer jobs in Bendigo, Ballarat, Ararat, Bacchus Marsh and Gisborne.

The Deloitte Access Economics model replicates the economic modelling undertaken by the Gillard Government.