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"There is not only no single instance of a surplus in the last 11 years under the nationally agreed budget measure, but the ACT deficits total a staggering $4.998 billion." JON STANHOPE & KHALID AHMED call out the chief minister.
Canberrans have copped the nation's highest increase in tax over the past decade and it's not likely to change. JON STANHOPE and KHALID AHMED continue their forensic look at the latest ACT budget.
Peter Gutwein,Premier Treasury’s March Quarterly Report 2020-21 released today shows a continuing improvement in the State’s finances as our economy recovers from COVID-19. The Report demonstrates that our strong budget management is working, with own-source revenue growing with improvements in property and vehicles sales and increased mineral royalties. Importantly, these higher revenues are working to reduce the budgeted operating deficit, and as a consequence the year-to-date Net Operating Balance is significantly lower than the forecast for the year. Our plan to use our balance sheet ...
**Check against delivery** Madam Speaker, In January last year I was honoured to receive the support of my colleagues to become the State’s 46th Premier and shortly after that, around 12 months to the day, coronavirus found its way to the Australian mainland and unfortunately to our shores as well. We were faced with the probability of a significant health crisis if action wasn’t taken swiftly to protect our community, that action meant limiting people’s movements and closing businesses where people congregated, and sadly the impact on our economy was severe. We banned cruise ships, clo...