The Premier announces Moody's reaffirmed AAA credit rating, attributing it to the government's financial management and contrasting it with the previous government's record. He challenges the opposition to specify budget cuts.

AnsweredQoN 890Legislative Assembly
Asked
11 April 2002
Member
Portfolio
Premier

QuestionView source ↗

Will the Premier advise the House of the credit rating issued by Moody’s Investors Service today? Dr GALLOP

AnswerView source ↗

I am extremely pleased to announce that Moody’s has today reaffirmed the Government’s AAA credit rating. This is welcome news in the lead-up to the 2002-03 state budget and a vindication of the Government’s financial management strategies. I also thank the Treasurer for the work he is putting in on behalf of members of this Government. We have a very clear view about Western Australia. We believe we need tight financial management to ensure that the priority areas that were put to the people at the election - health, education and police - are properly funded. We will ensure that is the case. We also need tight financial management to produce the surpluses necessary to underpin an expansive infrastructure program to grow the State of Western Australia. Our approach to Western Australia is to build infrastructure, not to flog off assets, as was the case with the previous Government. It will be interesting to see the attitude of the Leader of the Opposition and his friends opposite when the budget comes. They will have to indicate which infrastructure projects and commitments in health they would cut from the budget. It will be interesting to hear from them about the projects they do not think are necessary and which parts of the health system they regard as unimportant. This Government wants to build up the State of Western Australia and create jobs and opportunities. The Leader of the Opposition is narrow-minded and economically rationalist; he could not develop anything. There is a clear difference between the philosophy and policies of both the Western Australian Chamber of Commerce and Industry and the Leader of the Opposition and the State Labor Government. The Government is concerned with fairness and growth. We will make sure that the health system, the Police Service and the education system are given the resources to serve the people. We will make sure that resources are available to provide infrastructure throughout Western Australia. The narrow-minded attitude of the Leader of the Opposition and his chief advisers at the Western Australian Chamber of Commerce and Industry is incapable of producing growth, because the only way to produce growth is to expand infrastructure. The only way infrastructure can be expanded is to create surpluses. The only way to create surpluses is to have tight control. Let us look at what Moody’s Investors Service says about the previous Government - Western Australia’s financial performance has remained in deficit in recent years . . . these trends were exacerbated by large spending increases in the months leading up to the February 2001 election. That is the financial record of the coalition Government and the Liberal Party. This is what they gave the people of Western Australia: deficits, privatisation and negative growth. This Government has turned that around through expenditure control; and it has stopped privatisation through the flogging off of assets that belong to the people of Western Australia. This Government is creating economic growth. There is a clear division in Western Australia today. This side of the House has a party that is committed to jobs and growth; a party committed to providing infrastructure for the future of Western Australia. The other side of the House - Mr Barnett: What have you built? Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
Dr GALLOP replied: I am extremely pleased to announce that Moody’s has today reaffirmed the Government’s AAA credit rating. This is welcome news in the lead-up to the 2002-03 state budget and a vindication of the Government’s financial management strategies. I also thank the Treasurer for the work he is putting in on behalf of members of this Government. We have a very clear view about Western Australia. We believe we need tight financial management to ensure that the priority areas that were put to the people at the election - health, education and police - are properly funded. We will ensure that is the case. We also need tight financial management to produce the surpluses necessary to underpin an expansive infrastructure program to grow the State of Western Australia. Our approach to Western Australia is to build infrastructure, not to flog off assets, as was the case with the previous Government. It will be interesting to see the attitude of the Leader of the Opposition and his friends opposite when the budget comes. They will have to indicate which infrastructure projects and commitments in health they would cut from the budget. It will be interesting to hear from them about the projects they do not think are necessary and which parts of the health system they regard as unimportant. This Government wants to build up the State of Western Australia and create jobs and opportunities. The Leader of the Opposition is narrow-minded and economically rationalist; he could not develop anything. There is a clear difference between the philosophy and policies of both the Western Australian Chamber of Commerce and Industry and the Leader of the Opposition and the State Labor Government. The Government is concerned with fairness and growth. We will make sure that the health system, the Police Service and the education system are given the resources to serve the people. We will make sure that resources are available to provide infrastructure throughout Western Australia. The narrow-minded attitude of the Leader of the Opposition and his chief advisers at the Western Australian Chamber of Commerce and Industry is incapable of producing growth, because the only way to produce growth is to expand infrastructure. The only way infrastructure can be expanded is to create surpluses. The only way to create surpluses is to have tight control. Let us look at what Moody’s Investors Service says about the previous Government - Western Australia’s financial performance has remained in deficit in recent years . . . these trends were exacerbated by large spending increases in the months leading up to the February 2001 election. That is the financial record of the coalition Government and the Liberal Party. This is what they gave the people of Western Australia: deficits, privatisation and negative growth. This Government has turned that around through expenditure control; and it has stopped privatisation through the flogging off of assets that belong to the people of Western Australia. This Government is creating economic growth. There is a clear division in Western Australia today. This side of the House has a party that is committed to jobs and growth; a party committed to providing infrastructure for the future of Western Australia. The other side of the House - Mr Barnett: What have you built? Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
I am extremely pleased to announce that Moody’s has today reaffirmed the Government’s AAA credit rating. This is welcome news in the lead-up to the 2002-03 state budget and a vindication of the Government’s financial management strategies. I also thank the Treasurer for the work he is putting in on behalf of members of this Government. We have a very clear view about Western Australia. We believe we need tight financial management to ensure that the priority areas that were put to the people at the election - health, education and police - are properly funded. We will ensure that is the case. We also need tight financial management to produce the surpluses necessary to underpin an expansive infrastructure program to grow the State of Western Australia. Our approach to Western Australia is to build infrastructure, not to flog off assets, as was the case with the previous Government. It will be interesting to see the attitude of the Leader of the Opposition and his friends opposite when the budget comes. They will have to indicate which infrastructure projects and commitments in health they would cut from the budget. It will be interesting to hear from them about the projects they do not think are necessary and which parts of the health system they regard as unimportant. This Government wants to build up the State of Western Australia and create jobs and opportunities. The Leader of the Opposition is narrow-minded and economically rationalist; he could not develop anything. There is a clear difference between the philosophy and policies of both the Western Australian Chamber of Commerce and Industry and the Leader of the Opposition and the State Labor Government. The Government is concerned with fairness and growth. We will make sure that the health system, the Police Service and the education system are given the resources to serve the people. We will make sure that resources are available to provide infrastructure throughout Western Australia. The narrow-minded attitude of the Leader of the Opposition and his chief advisers at the Western Australian Chamber of Commerce and Industry is incapable of producing growth, because the only way to produce growth is to expand infrastructure. The only way infrastructure can be expanded is to create surpluses. The only way to create surpluses is to have tight control. Let us look at what Moody’s Investors Service says about the previous Government - Western Australia’s financial performance has remained in deficit in recent years . . . these trends were exacerbated by large spending increases in the months leading up to the February 2001 election. That is the financial record of the coalition Government and the Liberal Party. This is what they gave the people of Western Australia: deficits, privatisation and negative growth. This Government has turned that around through expenditure control; and it has stopped privatisation through the flogging off of assets that belong to the people of Western Australia. This Government is creating economic growth. There is a clear division in Western Australia today. This side of the House has a party that is committed to jobs and growth; a party committed to providing infrastructure for the future of Western Australia. The other side of the House - Mr Barnett: What have you built? Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
It will be interesting to see the attitude of the Leader of the Opposition and his friends opposite when the budget comes. They will have to indicate which infrastructure projects and commitments in health they would cut from the budget. It will be interesting to hear from them about the projects they do not think are necessary and which parts of the health system they regard as unimportant. This Government wants to build up the State of Western Australia and create jobs and opportunities. The Leader of the Opposition is narrow-minded and economically rationalist; he could not develop anything. There is a clear difference between the philosophy and policies of both the Western Australian Chamber of Commerce and Industry and the Leader of the Opposition and the State Labor Government. The Government is concerned with fairness and growth. We will make sure that the health system, the Police Service and the education system are given the resources to serve the people. We will make sure that resources are available to provide infrastructure throughout Western Australia. The narrow-minded attitude of the Leader of the Opposition and his chief advisers at the Western Australian Chamber of Commerce and Industry is incapable of producing growth, because the only way to produce growth is to expand infrastructure. The only way infrastructure can be expanded is to create surpluses. The only way to create surpluses is to have tight control. Let us look at what Moody’s Investors Service says about the previous Government - Western Australia’s financial performance has remained in deficit in recent years . . . these trends were exacerbated by large spending increases in the months leading up to the February 2001 election. That is the financial record of the coalition Government and the Liberal Party. This is what they gave the people of Western Australia: deficits, privatisation and negative growth. This Government has turned that around through expenditure control; and it has stopped privatisation through the flogging off of assets that belong to the people of Western Australia. This Government is creating economic growth. There is a clear division in Western Australia today. This side of the House has a party that is committed to jobs and growth; a party committed to providing infrastructure for the future of Western Australia. The other side of the House - Mr Barnett: What have you built? Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
Let us look at what Moody’s Investors Service says about the previous Government - Western Australia’s financial performance has remained in deficit in recent years . . . these trends were exacerbated by large spending increases in the months leading up to the February 2001 election. That is the financial record of the coalition Government and the Liberal Party. This is what they gave the people of Western Australia: deficits, privatisation and negative growth. This Government has turned that around through expenditure control; and it has stopped privatisation through the flogging off of assets that belong to the people of Western Australia. This Government is creating economic growth. There is a clear division in Western Australia today. This side of the House has a party that is committed to jobs and growth; a party committed to providing infrastructure for the future of Western Australia. The other side of the House - Mr Barnett: What have you built? Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
There is a clear division in Western Australia today. This side of the House has a party that is committed to jobs and growth; a party committed to providing infrastructure for the future of Western Australia. The other side of the House - Mr Barnett: What have you built? Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
Mr Barnett: What have you built? Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
Dr GALLOP: We had a record capital works program and we are going to have another strong capital works program this year, because we are going to build up the State of Western Australia. Look at the contrast. Opposite us are the narrow-minded, economically rationalist policies of the Leader of the Opposition. On this side of the House are policies for the future, policies for the twenty-first century, and infrastructure for the people of Western Australia. Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
Several members interjected. The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
The SPEAKER: Order, members! No-one can hear the Premier. Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.
Dr GALLOP: The challenge for the Leader of the Opposition is to decide what he will cut in health, education and police services. Which infrastructure provision will he take out of the system? This side of the House has created the conditions to do those things as a result of the work of the Treasurer and the Government. That side of the House has the two negatives: negative growth and negative philosophy. This side of the House has the positives: positive attitude to the future, positive growth and positive creation of new infrastructure for the people of Western Australia.

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