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Fiscal Responsibility: Smart Investment Beats Dumb Waste

Stop $2.8B/year in infrastructure waste. Grow revenue by $2B/year through land value tax and closing tax gaps. Smart investment in assets that generate returns.

Costing

Cost: Net reduction in waste and debt growth

Funded by: Stop waste ($2.8B/year) + grow revenue ($2B/year) = $4.8B/year for priorities

Key Points

The Attack

"Fusion will blow out debt!"

The Truth: Victoria's debt is already $177B and climbing because they waste money on an industrial scale.

Our Three-Point Plan

1. Stop Waste ($2.8B/year)

Cut overruns 30%→10%: $1.5B/year

Cancel marginal projects: $500M/year

Procurement reform: $400M/year

Cut consultancy waste: $400M/year

2. Grow Revenue ($2B/year)

Land Value Tax: +$800M/year

End hospital exemptions: +$400M/year

Close tax gap: +$500M/year

Value capture: +$300M/year

3. Smart Investment

Public housing: 4-8% returns

Renewables: $280M/year net

Transport: enables growth

All via IV cost-benefit analysis

The Results

2030 Debt: Labor $250B (32% GSP) → Fusion $210B (25% GSP)

Public Housing: Labor 80k over 10yr → Fusion 50k over 4yr

Melton Line: Labor "Planned" → Fusion Built by 2029

Annual Waste: Labor $2.8B+ → Fusion <$1B

Full costings at fusionparty.org.au/costings

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