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order to reduce runaway debt that will blow out to $18.5 billion next financial year.

However, Treasurer Christian Porter said the government was not prepared to take on more debt that it could handle to fund the infrastructure projects, blaming the position on WA’s declining share of GST revenue.

Yeah but who signed up WA to the GST two liberal politicains

http://www.perthnow.com.au/business/2012-state-budget/wa-government-delays-18b-in-projects/story-fndotr3v-1226359334461

State debt tipped to hit $20b

The annual interest bill on WA Government debt is poised to top $1 billion - enough money to buy a new sports stadium every year.

And the total amount of debt is set to balloon further after Treasurer Christian Porter junked Premier Colin Barnett's pledge to keep total debt below $20 billion.

Raider