Monday 12 August 2013

Money running out in WA?

Or are politicians just playing politics with the budget ahead of elections? Either way the state at the centre of Australia's now bust former mining boom looks in trouble already:
The West Australian opposition has accused the state government of unleashing a "$28 billion debt monster", with the latest state budget showing ballooning liabilities. 
Opposition Leader Mark McGowan immediately took to social media to respond to the once-boom state's balance sheet. 
He labelled the second-term Liberal government "economic vandals" for adding a projected $10 billion to the state's net debt over the five years to 2016/17.(here)

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