Australian Politics Forum - $4.3B blackhole in NSW budget

Maqqa

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14% - that low?!

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$4.3B blackhole in NSW budget
Mar 29^th, 2011 at 6:36am

http://www.theaustralian.com.au/national-affairs/labor-leaves-nsw-in-4bn-hole/story-fn59niix-1226029691977

THE incoming NSW Coalition government is struggling with a budget "black hole" of $4.3 billion, prompting Barry O'Farrell to accuse his Labor predecessors of "deception and incompetence" and sideline the state's top Treasury official.

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Bill 14% is not the alcohol content of that wine. It's your poll number

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chicken_lipsforme Gold Member Offline Australian Politics Posts: 7090 Townsville NQ Gender:	Re: $4.3B blackhole in NSW budget Reply #1 - Mar 29^th, 2011 at 6:51am We shall see what the independant assessment of the states finances reveals. I would suggest that the state is broke.
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viewpoint Gold Member Offline A joke is a very serious thing. [Winston] Posts: 2209 Gender:	Re: $4.3B blackhole in NSW budget Reply #2 - Mar 29^th, 2011 at 7:28am Now this is a surprise! Who would have thought that LABOR NSW would have been so dishonest/negligent.....whatever.....LOL
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philperth2010

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Re: $4.3B blackhole in NSW budget
Reply #3 - Mar 29^th, 2011 at 7:37am

Last night, former NSW treasurer Eric Roozendaal hit back, decrying Mr O'Farrell's claims as a "predictable political ploy" and resulted from adding an extra year, 2014-15, to the government's economic projections. "We relied on Treasury advice in producing our election costings and we were not advised of any revisions," he said.

"This is a predictable political ploy by an incoming conservative government and relies on counting numbers that don't even fall within this budget period and are not part of the four-year budget process. They're basically make-believe numbers that are outside the forward estimates."

So O'Farrell is already using bull sh!t to neglect his commitments.....Typical of the Liberal party......The do nothing party in Australian politics!!!

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« Last Edit: Mar 29^th, 2011 at 8:16pm by philperth2010 »

If knowledge can create problems, it is not through ignorance that we can solve them.
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progressiveslol

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Re: $4.3B blackhole in NSW budget
Reply #4 - Mar 29^th, 2011 at 7:38am

viewpoint wrote on Mar 29^th, 2011 at 7:28am:

Now this is a surprise! Who would have thought that LABOR NSW would have been so dishonest/negligent.....whatever.....LOL

Grin

I am hardly suprised but am stumped that labor in any government still get away with wreaking havoc on the Australians finances. They are at it right now in the national government and need a carbon tax to fill in their hole.

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viewpoint

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A joke is a very serious
thing. [Winston]

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Re: $4.3B blackhole in NSW budget
Reply #5 - Mar 29^th, 2011 at 7:45am

philperth2010 wrote on Mar 29^th, 2011 at 7:37am:

Last night, former NSW treasurer Eric Roozendaal hit back, decrying Mr O'Farrell's claims as a "predictable political ploy" and resulted from adding an extra year, 2014-15, to the government's economic projections. "We relied on Treasury advice in producing our election costings and we were not advised of any revisions," he said.

"This is a predictable political ploy by an incoming conservative government and relies on counting numbers that don't even fall within this budget period and are not part of the four-year budget process. They're basically make-believe numbers that are outside the forward estimates."

So O'Farrell is already using bull sh!t to neglect his commitments.....Typical of the Liberal party......The do nothing party in Australian politics!!!

Your crap is no surprise fkwit......and LABOR "the bugger-up party in Australian politics"...........

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Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
- Sir Winston Churchill

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nichy Gold Member Offline Australian Politics Posts: 1812 Gender:	Re: $4.3B blackhole in NSW budget Reply #6 - Mar 29^th, 2011 at 7:56am $4.3B blackhole in NSW budget - the only surprise here is that it isn't a bigger budget black hole.
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chicken_lipsforme Gold Member Offline Australian Politics Posts: 7090 Townsville NQ Gender:	Re: $4.3B blackhole in NSW budget Reply #7 - Mar 29^th, 2011 at 8:04am Labor, whether it's at the Federal or State level. Their just not onto the finance thingy. It's just not their bag.
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Please delete

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Please delete this smacking
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Re: $4.3B blackhole in NSW budget
Reply #8 - Mar 29^th, 2011 at 8:09am

Totally predictable either way you cut it.

Roozendahl is the sort that WOULD misrepresent the financial position, so it wouldn't surprise me if there was a "black hole".

On the other hand, whether there was or there wasn't, it was always predictable that O'Farrell would make this announcement. He seems to have gone into treasury all guns blazing.

But who would have thought that Treasury would not be 100% dependable, hey longweekend?

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Wattle Grove Ex Member	Re: $4.3B blackhole in NSW budget Reply #9 - Mar 29^th, 2011 at 8:17am So can anyone tell me what will be the first on this list? http://www.ozpolitic.com/forum/YaBB.pl?num=1301198995 come on all you liberals tell me what will be first because there is no money in the kitty
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buzzanddidj

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Re: $4.3B blackhole in NSW budget
Reply #10 - Mar 29^th, 2011 at 8:18am

On the day he was sworn in as the state's 43rd Premier, Mr O'Farrell learned from NSW Treasury secretary Michael Schur that a surplus of $432 million in 2012-13, which was projected in the half-yearly review in December, has turned into a $405m deficit. The downgrade is the result of lower receipts from the GST and state taxes, and extra capital spending on Sydney's rail network. Mr O'Farrell was also told there was a "slowing" of commonwealth grants to NSW.

Including a newly projected $2.3bn deficit for 2014-15, the Coalition claims the budget is in $4.3bn worse shape than suggested by the last set of accounts from Labor.

http://www.theaustralian.com.au/national-affairs/labor-leaves-nsw-in-4bn-hole/st...

I wish there were a way of getting to the TRUTH in these accusations
This "line" is now standard practice on changes of governments - and really comes down to "one word against the other"

Baillieu is trying to

pull this stunt

in Victoria
But HE made the mistake of going public - in the first week - saying

"the books balanced"

and the Victorian economy was in

"excellent health"

- with a

$346 MILLION surplus

He's trying to retract, now - but NO ONE'S buying it

ALSO, in the same piece ...

Quote:

In further bad news for the NSW Premier on his first day in office - comprising a two-man government with Nationals leader Andrew Stoner, until the rest of cabinet is sworn in in a few days - Julia Gillard continued to resist suggestions a promised $2.1bn in federal funding for a rail link between Epping and Parramatta could be diverted to other transport projects.

"The federal government gave a commitment during the federal election and I intend to honour that commitment," the Prime Minister said.

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nichy

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Re: $4.3B blackhole in NSW budget
Reply #11 - Mar 29^th, 2011 at 8:28am

Julia Gillard continued to resist suggestions a promised $2.1bn in federal funding for a rail link between Epping and Parramatta could be diverted to other transport projects.

"The federal government gave a commitment during the federal election and I intend to honour that commitment," the Prime Minister said.

We'll see - Gillard now knows she's behind the eightball - she thinks Barry O'Farrel is a benign chappy who will bend to her will - She is determined to learn the hard way. She is in denial that the Carbon tax is a weight around federal Labor's neck - Guess what Juliar it's going to get heavier and heavier and will surely drown you.

ALP deserters 'spooked' by carbon tax
Tom Dusevic, National chief reporter From: The Australian March 29, 2011 12:00AM

JULIA Gillard's carbon tax may have saved two high-profile NSW ministers from a Greens' assault in inner Sydney, but the move exacerbated the revolt against the 16-year-old Labor regime in its own heartland.

In western and southern Sydney, mining areas and long-established industrial towns, factory workers, two-car families and low-income households swung more heavily against Labor than the NSW average.

Sunshine State cooling on Julia Gillard: Newspoll
Dennis Shanahan, Political editor From: The Australian March 29, 2011 12:00AM

LABOR and Julia Gillard have suffered setbacks in the pivotal state of Queensland since the Prime Minister announced a carbon tax. The ALP's primary vote has dropped below its disastrous level at last August's election.

As the federal opposition claims Ms Gillard's carbon tax contributed to the devastating state Labor loss in NSW on Saturday, the Gillard government's biggest losses of support have been in Queensland in the past two months.

Since Ms Gillard announced her decision to "walk away" from her promise not to introduce a carbon tax and bring one in from July 1 next year, dissatisfaction with the Prime Minister has jumped by between three and 11 percentage points across the various states and age groups. Her greatest rise in dissatisfaction was in her home state of Victoria.

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"He who does not value life does not deserve it." -- Leonardo da Vinci&&&&

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progressiveslol

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Re: $4.3B blackhole in NSW budget
Reply #12 - Mar 29^th, 2011 at 8:34am

nichy wrote on Mar 29^th, 2011 at 8:28am:

JULIA Gillard's carbon tax may have saved two high-profile NSW ministers from a Greens' assault in inner Sydney

They should use better logic.

It should read
When the extreme greens manage to impose their policies on the Australian public and have done so through a coalition with labor, they manage to save atleast a couple of high profile NSW ministers from an otherwise greens onslaught. Had the greens just been kept where they should be, in the closet, the result would have been better for the greens.

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« Last Edit: Mar 29^th, 2011 at 8:49am by progressiveslol »

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Wattle Grove

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Re: $4.3B blackhole in NSW budget
Reply #13 - Mar 29^th, 2011 at 8:46am

nichy wrote on Mar 29^th, 2011 at 8:28am:

Julia Gillard continued to resist suggestions a promised $2.1bn in federal funding for a rail link between Epping and Parramatta could be diverted to other transport projects.

"The federal government gave a commitment during the federal election and I intend to honour that commitment," the Prime Minister said.

We'll see - Gillard now knows she's behind the eightball - she thinks Barry O'Farrel is a benign chappy who will bend to her will - She is determined to learn the hard way. She is in denial that the Carbon tax is a weight around federal Labor's neck - Guess what Juliar it's going to get heavier and heavier and will surely drown you.

Why would federal Labor Goverment fund a rail line to one safe Federal Liberal seat instead of funding infrastructure to help about 4 safe Federal Labor Seats

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longweekend58

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Re: $4.3B blackhole in NSW budget
Reply #14 - Mar 29^th, 2011 at 9:08am

Please delete wrote on Mar 29^th, 2011 at 8:09am:

Totally predictable either way you cut it.

Roozendahl is the sort that WOULD misrepresent the financial position, so it wouldn't surprise me if there was a "black hole".

On the other hand, whether there was or there wasn't, it was always predictable that O'Farrell would make this announcement. He seems to have gone into treasury all guns blazing.

But who would have thought that Treasury would not be 100% dependable, hey longweekend?

You get better estimations and predictions from a taxi driver. at least the taxi driver will give his prediction for free!

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