The need for wise Gov­ern­ment

Central and North Burnett Times - - SCHOOL NEWS - KenO’Dowd FEDER AL MEM­BER FOR F LYNN

“Ken O’Dowd – Hope, Re­ward & Op­por­tu­nity in Flynn”

The re­cent re­lease of the Mid-Year Eco­nomic and Fis­cal Out­look has again con­firmed that the cur­rent Gov­ern­ment re­ally has no grasp on our na­tion’s fi­nances. The Gov­ern­ment has re­vised its fore­cast sur­plus down and the very next day it was con­firmed that they will re­ceive no rev­enue from the Min­ing Tax, the hope of any sur­plus at all seems highly un­likely. Cur­rent Gov­ern­ment net debt is sit­ting at nearly $150 bil­lion. To put that into per­spec­tive, the in­ter­est bill is cost­ing the coun­try $20 mil­lion ev­ery day. The sim­ple re­al­ity is that this is a sit­u­a­tion that is to­tally un­sus­tain­able. Whilst we may continue to en­joy the lux­u­ries that our cur­rent life­style af­fords us as a na­tion, it’s our chil­dren and grand­chil­dren that will be sad­dled with the re­spon­si­bil­ity of pay­ing for the mis­takes of a Gov­ern­ment that is ad­dicted to spend­ing. Now we face a sit­u­a­tion in which the La­bor Gov­ern­ment is mak­ing cuts to ar­eas such as De­fence and Ed­u­ca­tion to pro­tect its bud­get sur­plus. It shouldn’t have got­ten to this, which is why I am to­tally com­mit­ted to the Coali­tion poli­cies of restor­ing wis­dom and se­cu­rity in the Gov­ern­ment’s han­dling of the bud­get.



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