Treasurer Eric Ripper announced today that he would deliver the 2008-09 State Budget on Thursday, May 8.
Mr Ripper said the Budget would again be financially responsible, with an emphasis on the State’s ongoing commitment to a massive capital works program and infrastructure development.
But the Treasurer also cautioned the public to be wary of ill-informed rhetoric implying that the State Government had virtually unlimited financial resources.
“Western Australia has retained a Triple A credit rating while undertaking a huge capital works program which will help deliver key services, diversify our economy and promote continued growth in the future,” he said.
“That has come through responsible financial planning and a measured approach to the long-term needs of our State and its people.
“We will not be making wild pre-election Budget announcements at the expense of prudent and sustainable financial management and a stable and growing economy.
“It should also be noted that just as ordinary households are feeling the pressure of rising costs in our rapidly-expanding economy, so too is the Government.”
Mr Ripper said the Budget would be framed in the climate of a potential $6billion cut in GST revenue to WA over the next five years and EBA settlements and offers which had added $2.4billion to the Government’s wages bill over the next four years.
“As a government, it is also our responsibility to ensure that we commit to ensuring key services such as health, education and law enforcement are maintained at the highest levels,” he said.
“This Budget will continue to steer our economy in the right direction, while helping ensure the current needs of Western Australians continue to be met.”
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