“Treasurer, is the Budget blowing out again”, asks Peter Gutwein, Shadow Treasurer in a Press Release dated 15th September 2009. “Last year, in the midst of the Global Financial Crisis, the State Government managed to spend $311 million more than it budgeted”.
Quite correct. Mr Gutwein must be reading from page 10 of the Preliminary Outcomes Report released 14th August 2009.
But then Mr Gutwein says “(t)his was despite Tasmania losing nearly $220 million in revenue in 2008-09.”
That is incorrect. Revenue was $103 million higher in 2008/09 than budgeted not $220 million less.
Mr Gutwein then intones“(w)e need financial leadership and vision, not spin and poor management”.
Agreed, but we also need people who can read a simple set of accounts.