the love for tony grows, page-32

"there's different skillsets required in a government",
as opposed to opposition when the liberals cant get their info right.

In a speech to the Committee for the Economic Development of Australia’s State of the Nation Conference yesterday, Opposition Leader Abbott said that $5.8 billion of infrastructure spending related to the National Broadband Network in the next financial year “should be on budget”, stating that the Government’s “wafer-thin” budget surplus achieved in the past Federal Budget was based on this accounting treatment and similar “fiddles”.

Shadow Treasurer Joe Hockey, in a separate speech in Parliament on the global economy, also directly mentioned the NBN’s accounting treatment in the Budget. Speaking about the current Labor Government, Hockey said: “They are promising a surplus that, looking at their form, they will never deliver. In the current year they said there would be a $22 billion deficit and now we have a $44 billion deficit.

“They are cooking the books in order to promise a surplus next year. The Greeks got themselves into a bit of trouble cooking the figures. We are not on anything like that scale, but the truth is that if you include the NBN expenditure and the Clean Energy Finance Corporation then we are running a deficit.”

According to a research note recently published by the Parliamentary Library of Australia, Labor is technically correct on this matter, and the Coalition is wrong. “Australia has adopted internationally accepted accounting standards, and these are applied in the budget treatment of the NBN,” the library’s Brian Dalzell, who works in its economics division, wrote in the report (available online here in PDF format).

http://delimiter.com.au/2012/06/20/abbott-hockey-mislead-again-on-nbn-funding/

Given the liberals woeful display in their last attempt at providing Australians with numbers that actually add up ,how can anyone of a sound mind beleive them.

The anwser of course,is you cant beleive them at all.

After all when it comes to money, they know how to find the real experts. Just like the team that put together the costings for the Liberals last election campaign, the ones that had to balance the Coalitions $11 billion black hole. Well, they succeeded apparently, and the Coalition rejoiced at the superb audit of their figures. That was until each of the accountants who worked on the shady figures were fined by the industry watchdog for the work they performed for the Coalition, apparently bringing the industry into disrepute.

Raider