2014 Western Australian State Budget Analysis Update

Anderson, D and Hayward, D 2015, 2014 Western Australian State Budget Analysis Update, BIS Shrapnel, Australia

Document type: Commissioned Reports
Collection: Commissioned Reports

Title of report 2014 Western Australian State Budget Analysis Update
Author(s) Anderson, D
Hayward, D
Year of publication 2015
Publisher BIS Shrapnel
Place of publication Australia
Subjects Public Economics- Taxation and Revenue
Public Policy
Abstract/Summary The Barnett Government's economic and financial policies require an urgent strategic rethink. The rapid deterioration in the WA Budget has mostly been caused by sharp falls in projected royalties - WA's one trick pony is no longer performing strongly. Compared to a small surplus predicted at budget time just six months ago, and stripped of various "one offs" and unbudgeted dividend increases, the operating accounts would be in deficit to the tune of almost $2b at the close of 2014-15. Missing from public narrative and public policy is recognition that the long-term wellbeing of WA will depend on a more diversified economy, which will require a considered industry policy as well as provide a stronger base public revenues and public services.
Commissioning body UnionsWA
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