Tasmania Opposition Leader Will Hodgman

Tasmania Shadow Minister for Economic Development Will Hodgman

Tasmania Falls Behind Thanks To A Lazy Government

Victor P Taffa

Figures released by the ABS today confirm that Tasmania’s economy has flat-lined. Private investment has crashed, capital expenditure has plummeted and Tasmanians continue to lose their jobs, according to Opposition Leader and Shadow Minister for Economic Development Will Hodgman.

“The strain of increased cost of living is hitting Tasmanians hard with the ABS figures showing housing commitments falling, reflecting the financial pressures being placed on Tasmanian families.”

“At a time when Tasmania’s economy is flat-lining and confidence is declining, this Government’s Plan to sack Nurses, Teachers and Public Servants will continue to damage the already struggling economy.” Mr. Hodgman said.

“Tasmania is facing difficult economic times, and without a strong, reliable, stable Government to provide certainty for the economy, the state is going to continue to suffer.”

“After years of having no economic plan, the best this Government can do is now plan to sack our Nurses, Teachers and Public Servants.”

“These figures are just further proof of the damage that this Government is doing to Tasmania.” Mr. Hodgman said.

South Australia Shadow Treasurer Iain Evans

Labor’s Nine Years Of Economic Failure – ‘SA Worst’

Victor P Taffa

A Report by the Centre for Independent Studies has exposed Labor’s nine years of economic failure.

The report, Tax, Borrow, Spend: How the States Compare, evaluates all the States’ financial management covering debt, liabilities like unfunded superannuation, government spending, public sector jobs and taxation.

It is a damning assessment of Labor’s fiscal management and economic performance – South Australia is rated the worst performing state in the nation.

Overall Results: Average Scores

(Tax, Borrow, Spend: How the States Compare, The Centre for Independent Studies, 17/02/2011)

The Report tells the story of Labor’s Mismanagement of the Economy:

“South Australia’s performance is weighed down by a high level of negative net financial worth, high levels and growth rates of general government expenditure per capita, and high tax rates.” (Tax, Borrow, Spend: How the States Compare, The Centre for Independent Studies, 17/02/2011)

The Report makes it clear that large increases in the public service have led to a higher growth rate in Government Expenses, leading to South Australia being the highest taxed state. This has then led to businesses being overtaxed and uncompetitive.

This Report, along with two others from the Institute of Public Affairs and the Commonwealth Grants Commission, makes three reports in the last 12 months that have slammed South Australia as the highest taxed State in the nation.

The report also highlights that Government expenses are out of control:

General Government Expenses per capita, 2009-10:

 (Tax, Borrow, Spend: How the States Compare, The Centre for Independent Studies, 17/02/2011)

Then-Treasurer Kevin Foley admitted Labor failure to address increasing State expenses during Budget Estimates Committee in October 2010:

“The Hon. I.F. EVANS: …Why have you sat on your hands for two years and not dealt with the expenditure issue?

The Hon. K.O. FOLEY: You are absolutely correct…There is no question that the blowout in expenses is our problem.” (Hansard, 07/10/2010)

Minister O’Brien confirmed South Australia is increasing debt to pay the wages of an increasing Public Service:

“We actually have to borrow to pay wages. Now that is unsustainable in the long term. We are in a position as a government if we were being financed by the banks, they would pull the overdraft on us because we are currently, year on year, operating in the red, and that is borrowing.” (The Australian, 17/11/2010)

“The Tax, Borrow, Spend report has summed up perfectly the economic disaster of the Rann Labor Government.” Shadow Treasurer Iain Evans said.

“Treasurer Snelling has made it clear he will follow in Foley’s footsteps, so South Australians can just expect the same economic failure.”

“Treasurer Snelling needs to explain why South Australia is bottom of the pack after nine years of Labor Government.” Mr. Evans said.

South Australia Leader of the Opposition Isobel Redmond

The Real Economic Picture

Victor P Taffa

Premier Mike Rann continues to deny the real state of the South Australian economy according to Opposition Leader Isobel Redmond.

Reports from the Australian Bureau of Statistics show South Australia’s share of the national economy has reduced from 6.8% to 6.5% during the Rann Government’s eight years in office.

Today on radio when asked to explain the Premier replied:

“There isn’t anyone who doesn’t think that our State is better off now than it was eight years ago.”

Leader of the Opposition Isobel Redmond said:

“Premier, the ABS stats do not lie.”

The value of South Australian exports has also fallen by 21% in the last twelve months. At the same time car exports also fell by 85%.

This election is about who you can trust to run the South Australian economy. The Premier must stop trying to spin his way out of the poor economic performance his government has presided over.

It has been said that “Labor has more spin cycles than a washing machine.”

Under the provisions of the relevant Electoral Act responsibility for all election comment is assumed by Editor Victor P Taffa. The Registered office of The Southern Thunderer is at 4/69a Darvall Road, West Ryde NSW 2114.