tag:blogger.com,1999:blog-22534369.post6320738641382455809..comments2023-12-06T00:23:28.790+11:00Comments on Press gallery reform: Andrew Elderhttp://www.blogger.com/profile/04705844456819481896noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-22534369.post-45422471903618135332011-01-21T06:46:22.137+11:002011-01-21T06:46:22.137+11:00Seamus,
It would be a mistake to assume that &quo...Seamus,<br /><br />It would be a mistake to assume that "one off" expenditure programs arising from today's floods will be completed by 2012-13. You can be patronising as you like in explaining the budget but the assumption that the status quo in terms of taxation settings is, I believe, a mistake. This is the perfect opportunity for a paradigm shift.Andrew Elderhttps://www.blogger.com/profile/04705844456819481896noreply@blogger.comtag:blogger.com,1999:blog-22534369.post-42804024689139326832011-01-20T22:45:51.726+11:002011-01-20T22:45:51.726+11:00Well I think there is some misconseption here, the...Well I think there is some misconseption here, the final cash balance on any budget is determined by income and expenditure in a set time. For the final cash balance fo the budget of FY2012/13 will be based on income and expenditure in that time. By that time most of the recovery expenditure will be complete. Income e.g taxes will be back to full level most likely and potentially higher becuase of the rebuilding income. <br /><br />What the floods and bushfires will mean is that the deficit in FY2010/2011 and FY2011/2012 will increase however this will not impact on FY2012/13. This is because much of the spending to rebuild infrastructure will be one off spend not re-occuring spending. This means that the government can have a surplus in 2012/13, build the NBN and support the recovery.Seamushttp://seamuslee.wordpress.comnoreply@blogger.com