tip off

Budget emergency needs to be addressed

  • 1
    Hugh (Charlie) McColl
    Posted Monday, 18 August 2014 at 2:16 pm | Permalink

    Philip Argy, according to an AFR report from February this year, “The revenue raised directly by the carbon price mechanism of $6.6 billion in 2012-13 is slightly higher than the $6.5 billion forecast in last year’s budget.” By my calculation, that would be $18 million per day now foregone by the Abbott government in pursuit of a political whim to get rid of the carbon tax. If there is that much of a budget emergency in Australia, how come this government can just dismiss already available income of $18 million PER DAY?

  • 2
    Posted Monday, 18 August 2014 at 3:13 pm | Permalink

    Hugh Mc. you were expecting something rational?

  • 3
    Peter Evans
    Posted Monday, 18 August 2014 at 3:57 pm | Permalink

    Giving Philip Argy the benefit of the doubt and assuming his maths is correct, then when Hockey got into the Treasury last September, the interest bill was only $22 million/day. the great man saw fit to double it to $44 million/day without so much as a wimper from his fellow travellers, so perhaps Mr Argy should direct his ire in his own direction.

  • 4
    zut alors
    Posted Monday, 18 August 2014 at 7:22 pm | Permalink

    Steven Petrenko, or perhaps Minister for Grimm’s Fairy Tales…