Snelling contradicts himself and contradicts himself and contradicts himself and contradicts himself and contradicts himself and contradicts Foley
Aug 29, 2012
Hon Iain Evans MP
Snelling contradicts himself and contradicts himself and contradicts himself and contradicts himself and contradicts himself and contradicts
Treasurer Snelling’s claim that State Budget revenues aren’t driven by economic activity contradicts his and Treasurer Foley’s previous statements regarding the budget.
Yesterday Treasurer Snelling, in trying to explain the impact the BHP decision not to expand Olympic Dam will have on the SA Budget, said:
“Our revenues aren’t driven by economic activity.”
What has Treasurer Snelling said previously?
Contradiction 1: “Government revenues have continued to be adversely affected by ongoing weaker than expected economic conditions.” ~ 2012-13 Budget
Contradiction 2: “International economic uncertainty and softer domestic economic growth outlook has led to state revenue estimates falling.” ~ 2012-13 Budget
Contradiction 3: “Fluctuations in economic activity within the state increase the risk of state taxation revenues exceeding or falling short of budget forecasts.” ~ 2012-13 Budget
Contradiction 4: “National economic conditions had also forced South Australia to revise down other revenues, such as property stamp duty.” ~ Jack Snelling media release, 9.5.12
Contradiction 5: “Changes in economic conditions have resulted in a significant deterioration to the budget position.” ~ 2011-12 Mid-Year Budget Review
And just in case you think Treasurer Snelling was making it up here is what Treasurer Foley said:
Contradiction 1: “The resultant economic slowdown impacts the state through reductions in revenues.” ~ 2008-09 Mid-Year Budget Review
Contradiction 2: “The economic crisis has had a devastating impact on the state’s revenue.” ~ Kevin Foley 2009-10 Budget speech
Every time the Budget is in trouble the Government have said that poor economic activity has led to declining budget revenue.
“Treasurer Snelling now wants us to believe that the State’s revenue is not linked to economic activity,” Shadow Treasurer Iain Evans said.
“This is embarrassing for the State Treasurer. It’s even more embarrassing for the State Government.”