❓ Mr. Wyatt questions Treasurer Buswell on whether significant movements in the state budget surplus will trigger the need for an updated financial strategy statement under the Government Financial Responsibility Act. The Treasurer confirms an update will be released as part of the mid-year review.
AnsweredQoN 593Legislative Assembly
QuestionView source ↗
STATE BUDGET — SURPLUS PREDICTIONS
I have a supplementary question. Mr M.P. Whitely interjected. The SPEAKER : Take a seat, member for Victoria Park. That is not needed, member for Bassendean, and I call you formally for the second time. Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL
I have a supplementary question. Mr M.P. Whitely interjected. The SPEAKER : Take a seat, member for Victoria Park. That is not needed, member for Bassendean, and I call you formally for the second time. Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL
AnswerView source ↗
Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr M.P. Whitely interjected. The SPEAKER : Take a seat, member for Victoria Park. That is not needed, member for Bassendean, and I call you formally for the second time. Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
The SPEAKER : Take a seat, member for Victoria Park. That is not needed, member for Bassendean, and I call you formally for the second time. Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr M.P. Whitely interjected. The SPEAKER : Take a seat, member for Victoria Park. That is not needed, member for Bassendean, and I call you formally for the second time. Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
The SPEAKER : Take a seat, member for Victoria Park. That is not needed, member for Bassendean, and I call you formally for the second time. Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr B.S. WYATT : With respect to the movement of the surplus as outlined, does the Treasurer expect those movements to be of such significance so as to require him to act pursuant to the Government Financial Responsibility Act and release an updated financial strategy statement? Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr T.R. BUSWELL replied: Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
Mr Speaker, we will release the updated financial strategy statement as part of the midyear review. We will respond to a dynamic environment in an appropriate way, and we will continue to walk a balance between protecting jobs in Western Australia and a manageable, responsible level of state debt. That may require us to make some tough decisions between now and the midyear review, but we will not shy away from our responsibilities and we will invest to protect Western Australian jobs. We will make the tough decisions that have to be made in government to protect the underlying strength of this state’s finances.
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