On 1 March, 2022, Treasury provided final advice to the Liberal Government on the budget position at the commencement of the caretaker period on 19 February, 2022. Treasury updated the budget position for all decisions taken by the Government after the Mid-Year Budget Review (MYBR) and up to the start of the caretaker period. Net…
In a desperate eleventh-hour attempt to trick voters ahead of the election, Labor is still refusing to retract its misleading main scare campaign ad about ramping – in direct breach of a ruling from the independent Electoral umpire for it to be withdrawn and a retraction statement published by midday today. The independent…
Major bungles have now emerged in Labor’s supposed costing document which will inevitably mean that South Australian families and businesses will have to pay higher costs for Labor’s more than $3 billion in promises. Labor claims that their 1.7 per cent efficiency dividend of the ‘net cost of services’ will save $154.7 million…
A secret report which details the massive up to $580 million cost of one of Mr Malinauskas’ key election pledges – free pre-school for 3-year-olds – was prepared for the former Labor government but has been kept hidden from South Australians. In a major revelation just one day out from election day, Treasurer…
Today – 2 days out from the election – the pressure is on Mr Malinauskas to finally ‘fess up’ to South Australian families and businesses and explain exactly how much all of his reckless pre-election spending will cost them, including the promises they’ve been refusing to cost, such as the free pre-school for 3-year-olds.…
One of Australia’s leading energy policy analysts has blown a massive hole in the costing of Labor’s flawed, dangerous policy to build a $1.2 billion state-owned hydrogen power plant funded entirely at taxpayers’ expense. Labor Leader Peter Malinauskas’ credibility is in shreds after Tony Wood, of the Grattan Institute, found the cost for…
In an unprecedented move to force Mr Malinauskas to reveal exactly how he will pay for his more than $3 billion in reckless unfunded promises, the Government has closed the book on further major election commitments and released its election costings about a week before election day. Treasurer Rob Lucas said time had…
Independent credit rating agency S&P has issued a stark warning to state and territory governments to stop spending and warned that credit ratings would be at risk if spending continued at ‘pandemic stimulus’ spending levels. Credit ratings are directly linked to interest costs on repaying state debt. ‘Federal and State governments rolled…
Labor’s reckless pre-election spending frenzy shows no sign of slowing despite the massive impending hit to household and business budgets, with Mr Malinauskas splashing out a further $181 million on unfunded promises this morning alone. Today’s announcement comes after a three-day spending spree in which Labor racked up $220 million for a…
An independent report by PwC into the distribution of GST funding has shown that the current ‘no worse off’ guarantee by the Federal Government must be continued beyond 2026-27 otherwise all jurisdictions except for Western Australia would lose billions of GST dollars. The independent report by PwC was commissioned last year by the…