Not much of a response to the massive $100B extra spent by Labor over Howrard's last year. And if you want % of GDP. This government has spent 25.2% of GDP, 26.0%, 24.7% and 25.1%. Howard's last year 23.1%.
Now let's look at the next four year estimates from this Government. Remembering this year was $330B Receipts and $371B payments.
Next year receipts big increase to $368B and payments $364B. 2013-14 $392B and $387B. 2014-15 $413B and $404B. And 2015-16 Receipts $438B and payments $427B.
So on those estimates this government will receive an extra $144B in receipts compared with Howard and Spend $156B more!
And if they stay true to the last four years they will overspend even on these amazingly large amounts.
Net financial worth has deteriorated by $233B in their four years. You want percentages that is a deterioration of 1294%.
When I view this rank overspending, I keep hearing that Scottish bloke from Star Trek saying "We canna take much more Capt!"
