Government reverses course on road funding despite expected $50 billion budget deficit

 

News article: Government reverses course on road funding despite expected $50 billion budget deficit

The Abbott Government has reversed its decision on around $1 billion in road funding, announcing that it will proceed with the projects the day before a budget update is expected to show this year's deficit will blow out to nearly $50 billion.

  bevans Site Admin

Location: Melbourne, Australia
The Abbott Government has reversed its decision on around $1 billion in road funding, announcing that it will proceed with the projects the day before a budget update is expected to show this year's deficit will blow out to nearly $50 billion.

The latest budget figures and revenue forecasts will be unveiled in the Mid-Year Economic and Fiscal Outlook (MYEFO) tomorrow.

The dire budget talk comes as the Coalition marks its first 100 days in office, with some frustration at its inability to have key laws passed by the Senate.

Sheeting home the blame to the previous government, Prime Minister Tony Abbott says the budget update will show the "full extent of Labor's profligacy".
Government reverses course on road funding despite expected $50 billion budget deficit


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Was the mining tax to pay for any rail upgrades or simply roads?

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  Lad_Porter Chief Commissioner

Location: Yarra Glen
The usual misinformation about Labor not being able to manage the economy, while it held onto an AAA credit rating and avoided the effects of the GFC.  That's hardly "profligacy".
  fixitguy Chief Train Controller

Location: In Carriage 4 on a Tangara
The usual misinformation about Labor not being able to manage the economy, while it held onto an AAA credit rating and avoided the effects of the GFC.  That's hardly "profligacy".
Lad_Porter
I agree

its Tony Abbott who is ruining Australia 1 step at a time. Sure we could have better managed the school halls and pink batts preventing 4 deaths and wasteful spending (infrastructure not being used) but Tony Abbott is now hated by Indonesia, China, childcare workers, teachers, parents who have children in school, asylum seekers, people in the car industry,etc. Basically everyone under the southern sky except big companies and rich people.

having studied economics (senior education. will persure further in uni) and watching the markets and politics i have one thing to say. Brace yourselves (insert meme here).

There will be a lot more spending cuts and rail will probably be hit the worst.

Bill Shorten for PM 2016
  stopblock Junior Train Controller

Location: Planet Earth
I agree

its Tony Abbott who is ruining Australia 1 step at a time. Sure we could have better managed the school halls and pink batts preventing 4 deaths and wasteful spending (infrastructure not being used) but Tony Abbott is now hated by Indonesia, China, childcare workers, teachers, parents who have children in school, asylum seekers, people in the car industry,etc. Basically everyone under the southern sky except big companies and rich people.

having studied economics (senior education. will persure further in uni) and watching the markets and politics i have one thing to say. Brace yourselves (insert meme here).

There will be a lot more spending cuts and rail will probably be hit the worst.

Bill Shorten for PM 2016
fixitguy

But..but.... surely not!!!
Tony Abbotts wife travelled on a steam train last week and.. and ...
all those little children, and... she was so much a part of the whole thing!!!
and it was all so wonderful and... and!!!!

Well I am sure she told Tony not to cut rail!!!
surely she did!!!

Nope!
Tony is Wonderfull
Abbott for President...thats what I say!!!
  JimYarin Chief Commissioner

Location: Adelaide, South Australia
mr. abbott may have just backed himself into a corner. he has already announced he is not going to fund with federal money which is actually your money any rail projects for the states or territories. this is short sighted. the victorian and south australian governments already know this.  what abbott will continue to be reminded of is this position is not acceptable to the voting public.

i read here only 1 in 5 victorians want the east west tunnel.  at least denis realises the metro rail tunnel is now an important project (well i assume he does) and therefore expect some back pedalling on the importance of the metro tunnel.

here in SA we need the electrification of the metro network completed and we need SG in the metro network.  this could be accomplished with the money which would have gone to holden and thankfully will now not.  the engineering expertise from the car industry could move into rollingstock potentially?

adelaide needs SG for freight efficiency and electrification completion is the next biggest project for us.

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