Colin Barnett has plunged WA to its first budget deficit in 15 years and the biggest deficit in the State’s history. The Barnett Government’s Mid-Year Review, released yesterday, confirmed WA will plunge to a massive $1.3billion budget deficit this financial year and that State debt will blow out to $30.8billion. The shocking state of the budget is the result of six years of financial mismanagement by Mr Barnett and his Government. Remember, Mr Barnett inherited the best set of books in history from the former WA Labor Government. Just take a look at the graph above and share it with your family and friends. He also had a windfall revenue stream from booming iron ore royalties yet still managed to blow every last cent and send us deeper into debt. This is what happens when you have a Premier who is happy to spend taxpayers’ money like a drunken sailor and refuses to heed warnings about his extravagant waste. He’s like the bloke who won Lotto then went broke. Don’t be fooled by Mr Barnett’s claim that this deficit could not have been avoided. Mr Barnett has always known about issues around WA’s share of the GST and the volatility of iron ore prices but continued to keep on spending. A responsible Premier would have created a plan to get the budget back under control a long time ago. We now know what Mr Barnett’s real ‘bigger picture’ is all about - bigger debt, bigger deficits and bigger taxes. Find out more about Colin Barnetts waste and mismanagement at LiberalWaste.org.au
Posted on: Tue, 23 Dec 2014 12:13:24 +0000
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