Saturday, December 30, 2006

SA Labor Loses Control Of Budget

The spending capacity of the Labor Government never ceases to amaze me. This year the SA State Government had planned to employ some 400 public servents, yet the figure actually blew out to 1500! No wonder the mid year budget review shows cost blowing out by $4 million a day.

Where originally it had a surplus of $91 million the Government now predicts a surplus of oly %9 million dollars. This with all the extra revenue coming from collecting the GST as well. It seems that those in power think they have an unlimited supply of money on tap so they do not worry about over expenditure. It's too bad that they do not run the State in the same manner as executives run a profitable business.

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