RSS Feed
July 10th, 2012 
FAKE NEWS for the Zionist agenda The Queensland government on Wednesday unveils its official response to the Commission of Audit’s interim report into the state’s finances.
The audit, led by Howard government treasurer Peter Costello, said the previous government had “embarked on an unsustainable level of spending” and that debt would balloon to $100 billion by 2018/19 if drastic action wasn’t taken.
As part of a two-stage action plan to turn around the books, the commission recommended the government find at least $3 billion in savings over three years as part of the initial effort at fiscal repair.
First, gambling tax, mining royalties and the property transfer duty should be lifted and an indefinite three per cent cap on public servant wages should be imposed.
Asset sales are recommended as part of a second stage of action.
The government has ruled out asset sales without a mandate as Treasurer Tim Nicholls prepares for Wednesday’s tabling of the Newman government’s response to the commission’s interim report.
Mr Nicholls will outline why the government’s savings must exceed $4 billion if the state budget is to return to surplus in 2014/15.
Other issues highlighted in the commission’s report will be addressed in September’s budget.
Related posts:
Views: 0
Posted in 
Tags: 
