2 February 2015

2014-15 ACT budget deficit reaches $770.5 million

| rommeldog56
Join the conversation
1

The mid-year ACT budget review revealed the predicted deficit for the 2014-15 financial year had more than doubled from $332.8 million to $770.5 million.

This is without most of the light rail expenditures, and does not take into account the many billions of dollars worth of ACT public servants’ unfunded superannuation liability.

It is a long, long way back to anywhere near a balanced budget, but the Chief Minister says that will occur in “coming years”.

Will be interesting to see if they can contain the Mr Fluffy buyback cost to ACT ratepayers to the estimated $400.

Join the conversation

1
All Comments
  • All Comments
  • Website Comments
LatestOldest

Funny how no one wants to talk about this anymore..
It’s easier to criticize Abbott and Hockey.

Daily Digest

Want the best Canberra news delivered daily? Every day we package the most popular Riotact stories and send them straight to your inbox. Sign-up now for trusted local news that will never be behind a paywall.

By submitting your email address you are agreeing to Region Group's terms and conditions and privacy policy.