2014/15 Western Australian State Budget. On track or still off the rails.

Anderson, D and Hayward, D 2014, 2014/15 Western Australian State Budget. On track or still off the rails., BIS Shrapnel, Australia


Document type: Commissioned Reports
Collection: Commissioned Reports

Title of report 2014/15 Western Australian State Budget. On track or still off the rails.
Author(s) Anderson, D
Hayward, D
Year of publication 2014
Publisher BIS Shrapnel
Place of publication Australia
Subjects Public Economics- Taxation and Revenue
Public Policy
Abstract/Summary The 2014/15 Western Australian State budget's main political goal was to put the State back on track to receive a AAA credit rating from all the major rating agencies, which was lost in 2012. In this briefing note I begin by setting out the Government's fiscal goals and then consider outcomes. I show that the Government has not in fact made much progress in meeting its own fiscal targets, largely because it has been unable to reign in non-salary expenses, which continue to increase faster than revenues as a whole and despite a much better than expected distribution of GST revenues from the Commonwealth. I will focus this report on what is being budgeted for 2014/151. It points to a Government struggling to control non-salary expenses, while trying to point the blame at the Commonwealth government because of declining GST revenues. As we shall see, the issues are more complex.
Commissioning body UnionsWA
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