Labor Treasurer Jackie Trad’s financial incompetence has been exposed again by a $1 billion blunder over stamp duty.
The Treasurer has today admitted that Queensland’s projected stamp duty revenue will be a massive $1.32 billion less than she forecast last year.
The shortfall has been caused a by a worrying slowdown in the Queensland property market.
LNP Deputy Leader and Shadow Treasurer Tim Mander said the Palaszczuk Labor Government had smashed the construction industry with mores taxes and was now paying the price.
“Just four months after her mid-year economic statement, the Treasurer has owned up to a billion-dollar blunder,” Mr Mander said.
“This stamp duty slump is not a bolt from the blue.
“The Palaszczuk Labor Government has hit the property sector with four tax hikes over the past four years – ripping $600 million out of the sector.
“The LNP knows that you can’t tax your way to prosperity, but Labor doesn’t get it.
“Jackie Trad is not up to the job.
“Queensland needs a Treasurer who will help the economy grow, instead of strangling it with tax after tax.”
