Shadow Treasurer Wyatt questions whether the state is on track to breach the 90% net-financial-liabilities-to-revenue ratio. Treasurer Buswell rejects this notion, asserting the government has tools to manage state finances and avoid a 'mini-budget'.

AnsweredQoN 582Legislative Assembly
Asked
11 August 2009
Portfolio
Treasurer

QuestionView source ↗

AAA CREDIT RATING
I have a supplementary question. Does the Treasurer reject the notion that the state is now on track to breach the 90 per cent net-financial-liabilities-to-revenue ratio? Mr T.R. BUSWELL

AnswerView source ↗

I reject that absolutely, because we have a range of tools available to us to deal with the volatile factors that impact on the state’s finances, and we will do it! We did it at budget time, and we will do it at midyear review time. The shadow Treasurer did not mention his favourite term—mini-budget! We will do it without recourse to the thing he has a fascination with—a mini-budget! A mini-budget is a process-driven outcome that will never deliver a job. The mini-budget is a mini-tool for the mini shadow Treasurer. Several members interjected. The SPEAKER : Members, I give the call to the member for Kalgoorlie.
Mr T.R. BUSWELL replied: I reject that absolutely, because we have a range of tools available to us to deal with the volatile factors that impact on the state’s finances, and we will do it! We did it at budget time, and we will do it at midyear review time. The shadow Treasurer did not mention his favourite term—mini-budget! We will do it without recourse to the thing he has a fascination with—a mini-budget! A mini-budget is a process-driven outcome that will never deliver a job. The mini-budget is a mini-tool for the mini shadow Treasurer. Several members interjected. The SPEAKER : Members, I give the call to the member for Kalgoorlie.
I reject that absolutely, because we have a range of tools available to us to deal with the volatile factors that impact on the state’s finances, and we will do it! We did it at budget time, and we will do it at midyear review time. The shadow Treasurer did not mention his favourite term—mini-budget! We will do it without recourse to the thing he has a fascination with—a mini-budget! A mini-budget is a process-driven outcome that will never deliver a job. The mini-budget is a mini-tool for the mini shadow Treasurer. Several members interjected. The SPEAKER : Members, I give the call to the member for Kalgoorlie.
Several members interjected. The SPEAKER : Members, I give the call to the member for Kalgoorlie.
The SPEAKER : Members, I give the call to the member for Kalgoorlie.

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