Premier Giddings releases the
Mid-Year Financial Report later today. The following are five things to look
for:
1. For 2013/14 do government’s cash outlays
still exceed cash inflows? How long will this continue?
2. The government survived 2012/13 by cutting the
capex budget. Does the revised budget for 2013/14 include further downward
revisions of capex amounts (infrastructure, roads etc)? How long can this
continue?
3. As the Auditor General confirmed
yesterday, the government has survived by internally borrowing amounts received
for other purposes, the Royal Hobart Hospital for example. Does the Mid Year
update confirm a rise in the level of internal borrowings?. What is the
expected figure as at 30th June 2014.
4. When will we be able to start repaying
the internal borrowings? In other words when will cash receipts exceed cash
outlays?
5. Have the capex outlays relating to the
Royal Hobart Hospital ($500 million+) been rescheduled? Or is the upgrade still
on track?
I can feel another Greater Tassie Train Wreck coming on, in the wake of the Great Tassie Forest Industry Train Wreck.
ReplyDeleteHow much is the Government investing in new rolling stock to replaced that already written off? Will the Ides of March produce a rescue package or just more chaos and wreckage?
Who has any confidence in the future of Tasmania?
Looking forward to your detailed report on the State finances JL. Cheers!
John the comment above is spam.
ReplyDeleteShuffling deck chairs on the Titanic.
ReplyDelete