$4B_Surplus, page-9

First 9 Last

Share
Profile

Follow
Lethalba

864 Posts.

10/05/23

17:03

Post #: 67705064
Share

Originally posted by Scott th Ratbag: ↑

its now a year gone and certainly some of the legacy remains. I've not said though that the Lab Gov hasn't done anything. Now they truly are having ownership of the economic management.

just as new information can change the circumstances as well as beliefs, so too its a gradual process of taking over as the legacy of the last Gov fades.

they've now gone through the legacy failures and removed them from the equation.

but much of the windfall has come from the lower AUD:USD exchange rate, the record profits by exporters due to the foregoing and increasing demand from China, and added in are increasing wages PAYG and reduced unemployment benefit costs. So some of this is due to Lab management, some due to external factors and some due to getting rid of non-functioning waste legacy projects.

as such the Lib component of the current economy is reducing slowly to zero..... i.e. whatever failings occur are all down the Labs.

I've noted a few failures, errors of judgement and poor reactions to media.... nothing major so far as I can see. but I have to admit I admire their restraint and fiscal discipline.

Expand

Scott "a large slice of this pie came from getting rid of wasteful Liberal projects."

Can you please advise us of which wasteful projects you are referring to, and the impact these specific projects contributed to the "large slice" in rough $$ terms in the current budget year.

Not looking for them all, just the top 3 or 4.

Thanks in advance
5 Upvote

Reply

Top Stories

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

Trump just dropped a 200% tariff bomb. Here's how to cash in