Budget will cost dearly
NOW we’ve seen the first Budget by our Labor Government we can see how much they lied about bringing down the cost of living.
They promised cheaper electricity. But now after the Budget we can see their real inept knowledge of financial affairs.
How can the transfer of $ 4.1 billion of debt to the power companies make meaningful reductions in the price of power and therefore the cost of living?
This government was too gutless to tackle the problem head- on so now we have power companies with an extra $ 4.1 billion of debt and you know how the power companies recover their debt – higher electricity bills.
These higher electricity bills will trickle through the economy and make the price of a lot of everyday goods more expensive.
Any businesses that use a lot of electricity will be pushed to the wall. I don’t understand how businesses are supposed to expand when one of the main inputs ( electricity) gets so expensive you can’t afford it.
In the sugar industry that I am in our irrigation costs are going through the roof, while my competitors enjoy government support and cheaper electricity.
Our competition must be jumping for joy knowing that Australia’s sugar industry will be priced out of the international sugar market with braindead governments such as this one in Queensland.
Being a fully deregulated industry, except for environmental regulation, we compete internationally so we need our government to provide internationally competitive prices for our electricity and other inputs. After all they were the ones who put us in this situation.
GREG ROSSATO, Home Hill.