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Comrade touts brave new world with rubbery figures

By 6 June 2006 5

Now I will admit that I am no economic whiz, however, I am intrigued to see how a Ted Quinlan-announced $91 million deficit can miraculously turn into a surplus in the time it takes to say ‘social engineering’.

This is, in Stanhope’s own words, a $212 million turnaround, and in my eyes, lends itself moreso to some creative accounting rather than monies in the coffers.

Given this huge and unexpected windfall that I seriously doubt actually exists, one must ask why this budget is being touted as one of the toughest yet in the history of the ACT’s self government.

I must admit I do find this statement by the comrade quite amusing:

‘(He) warned that the volatility starkly displayed by such swift changes showed how vital it was to put the Government’s finances on a more stable footing, less vulnerable to windfall gains and unanticipated and often uncontrollable declines in revenue.’

Okay, so we really don’t have a surplus, it just appears so on the books.

This article from the Comrade’s media release here.

[ED The Canberra Times story on the Budget is here]

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5 Responses to
Comrade touts brave new world with rubbery figures
areaman 11:22 am
06 Jun 06
#1

areaman said :

Okay, so we really don’t have a surplus, it just appears so on the books.

No, that’s not what he’s syaing at all. There is a surplus, it’s just that you can’t always fall back on land sales and a good performance in the market so there needs be structural reform.

I’m still not a fan of cutting super in a town where you have to compete with the APS for people though.

James-T-Kirk 11:47 am
06 Jun 06
#2

Sorry, I just have to say it:

Is that simply because there is no way on Gods Green Earth that the APS or local govt can compete with Private Industry. Both in terms of salary package, and in terms of the ability to negotiate something tangeable with the boss.

I am sadened when I see quibles over 3% vs 4%. It should *never* get to that. If it does, go somewhere else!!

Thumper 11:48 am
06 Jun 06
#3

I think you are being a little kind in your views there Areaman. They must have sold a hell of a lot of land to raise $212K.

Or did they have a big win on nags?

Anyway, let us wait and see what the budget beholds….

VYBerlinaV8 2:28 pm
06 Jun 06
#4

$212 million turnaround? Didn’t know that the Narrabundah caravna park was worth that much!!!

Thumper 3:36 pm
06 Jun 06
#5

The speed cameras must be working overtime….

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