Treasury CEO Brett Rowse has confirmed Federal funds to SA will actually increase by $2 billion per year by 2017/18, Shadow Treasurer Rob Lucas said today.
In evidence to the Budget and Finance Committee, Mr Rowse agreed total Federal grants to SA in 2017/18 will be $9.9 billion, an increase of $2 billion over the $7.9 billion received in 2013/14:
Rob Lucas: “So that over the forward estimates there’s an increase of $2.02 billion coming into South Australia from commonwealth grants, whether it be current grant revenue or capital grant revenue?”
Brett Rowse: “Yes, that’s correct.”
This detail is provided in Table 3.13 in Budget Paper 3 of the budget documents.
“This table and Mr Rowse’s evidence makes it clear that even after the $897 million in Federal cuts over four years ($399 million in 2017/18) there is still an increase of $2 billion per year by 2017/18,” said Mr Lucas.
“This evidence from the Treasury CEO blows out of the water the claim by Mr Weatherill and Mr Koutsantonis that all of the problems confronting the State Budget have been caused by Federal Budget cuts.
“It is interesting to note that Mr Weatherill and Mr Koutsantonis have made no mention at all of this massive increase in Federal funding to SA over the next four years.
“Mr Weatherill and Mr Koutsantonis have to now admit that the financial mess of $1.2 billion deficit this year and debt increase to $14.3 billion is primarily a result of the financial mismanagement and incompetence of the State Labor Government.”