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Ben Wyatt has released Labor’s financial repair plan.

Labor optimistic on debt reduction

ANALYSIS: Full marks to the Labor Party for coming up with its debt reduction strategy early in the election campaign. It indicates both the party and shadow treasurer Ben Wyatt are serious about getting the state’s finances into a much healthier position.

But Labor’s seven-point plan for financial repair indicates how difficult the task will be – short of a significant recovery in the current sluggish economic environment – to rein in the debt run up over the past eight years.

The WA Treasury’s forecast 0.5 per cent economic growth for the current financial year is testament to that.

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