budget deficit, page-43

yes labor messed up in their costing

however

I lost count how many times the surplus turned out to be far more than what was budgeted for, at times as much as double when the "worlds greatest treasurer" was in charge of things

Then there are the cost blow outs under the previous liberal government like

Billions of dollars in cost blow outs on military equipment, that not only cost more than it was supposed to but is either still in planning stages or was delivered late and what was delivered is next to useless.

or there is Howard's, out of sight out of mind, detention centre on Christmas Is, original costing was approx $250mil, final cost $800mil and nothing but a massive white elephant.

Just to mention 2.

Just 3 examples of the previous liberal governments equally pathetic attempts of poor financial management on the libs part.


Despite the rantings of the die hard, one eyed liberal supporters neither side of politics has a very good record of being able to carry out accurate budgeting, forecasting and costing of expenditure.