Budget exposes Labor's secret tax on electricity continues

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Money & Finance Political Queensland Government

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The Palaszczuk Government's budget of taxes, debt and unemployment has confirmed that Labor continued to use electricity prices as a secret tax on Queenslanders.

LNP Shadow Energy Minister Michael Hart said government-owned power generators were raking in massive profits on the back of higher electricity prices being paid by consumers.

"Last year Labor's budgeted generator income was $482 million for 2016/17," Mr Hart said.

"Today, it was revealed they really made $1.241 billion.

"Labor charged $759m more than they said they would.

"If that's not a hidden tax I don't know what is.

"Labor's record profits forecast last year are set to increase again with a further $492 million in dividends to be added over the next 4 years.

"The LNP has a plan to restructure these government-owned generators from two to three, increasing competition and lowering electricity prices.

"This would save Queensland families $50 a year.

"Meanwhile the Palaszczuk Government will continue to rip $1.7 billion in super-profits from these government-owned generators over the next four years, hurting all Queenslanders in the process."

 
LNP : Liberal National Party :
PO Box 940, Spring Hill QLD 4004, Queensland Wide
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LNP :  Liberal National Party
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