Monday, July 24, 2006

Beattie's defecits keep coming....

News this week of Beattie's ad-hoc commitment to a water recylcing program to the tune of $334 million dollars - bringing the total of un-funded projects to $2 .334 billion dollars. Remember that the last state budget was released in June - a month later and Beattie has already racked up $2.334 billion in unfunded projects . Effectively Beattie has tried to bluff his way with the voters, claiming he was running the budget at a surplus, and then trying to slip the fact that $2.334 billion of funding were not included in Budget estimates shortly after. The $245 million budget operating surplus has well and truly gone, and factor in that Beattie is borrowing a substantial amount to fund the $10 billion infrastructure program he announced with great fanfare.
This dangerously negligent cowboy needs to go - Queensland will hurt from the legacy of Beattie's period of power.

1 comment:

DaoDDBall said...

I understand that since the implementation of GST in 2001, the states have been given $80 billion more than anticipated.

The states have eroded the value of that $80 billion to nothing. No infrastructure can be attributed to the money. Instead, they have spent the money in reccurring expenditures and misleading budgets.

Yet, at the same time, they have campaigned on fiscal prudence ..