WA debt spirals towards unprecedented $39b
I wonder why?
The major problem with col, besides been a dropkick,is he took the price of iron ore at the top of the cycle,when he should have been more conservative.
Liberal Treasurer Mike Nahan said $17 billion in anticipated revenue over the budget years had disappeared since last year's forecasts.
"That's the biggest revenue shock a government, state or federal, has experienced in Australia since the Great Depression," Mr Nahan said. "Any government ... would have run a deficit given this shock."
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They were warned but they thought they knew better.
The GST bitchin from col was a smokescreen in an attempt to coverup his economic incompetence.
Where did it all go?
Raider
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