gold_medal wrote on Nov 2^nd, 2012 at 6:23pm:



The NSW economy must have been in a real mess if the Liberals could turn it around by accident before they actually did anything.

It is obvious that it was never as bad at the Libs were telling us.

gold_medal wrote on Nov 2^nd, 2012 at 7:20pm:


Longy,
Just in case, you haven't looked at the first post of this thread, it may enlighten you.

However, the abbreviated version is, the NSW Auditor General has said that there were many "errors" in both Revenue & Expenditure, in the NSW Budget, as declared by the NSW Treasurer Mike Baird.

So, the deficit of $337 million announced in this year's budget should in fact be a surplus of $680 million.

Therefore, the "oops we have a deficit again", which was declared by the Liberals, should actually have been declared as a Surplus and the obvious reasons for these "errors"are Political SPIN.


It is apparent, particularly when you look at the reasoning given by both the Auditor General & the NSW Treasurer, that they have been caught out!

PN is trying to show he/she understand economics - been doing for years now

The reality is this:

(1) The Auditor General found inconsistencies in the current reporting system

(2) This is the same reporting system Labor have been using for the last 10 years

(3) This is the same system that produced deficits under a Labor government but produced a surplus under a LIB government - why is that??!!


PN is trying to infer that the LIBs are to be blamed for the current reporting system

adelcrow wrote on Nov 3^rd, 2012 at 9:03am:


based on your perception?!! 

I have thrown down challenges before and none from the left dared to take it up

so until you do - FU

stryder wrote on Nov 3^rd, 2012 at 9:13am:


Actually I copy all my information from my extensive library of books written by the worlds past and present Communist Dictators and their mentors.

Maqqa wrote on Nov 3^rd, 2012 at 8:45am:


Maqqa,
The REAL Reality, as distinct from the SPIN Reality is  that -
The Auditor General said, there were "37 errors greater than $20 million in his examination of the 2011-12 accounts, including two mistakes worth more than $1 billion each."

The Auditor General also said, ""I would say a $1 million error is unfortunate. A $10 million error is undesirable. But a $100 million error is totally unacceptable.

"The NSW government is a billion dollar business, it is not a school tuckshop."

Mr Achterstraat said more accurate financial information could have had an influence over government policy - recently marked by billions in cuts to health and education.

"It is a bit like a cricket match," he said.

"If you're the bowling team, and you think the batting team has to get 300 runs, you bowl a certain way.

"Then if you find out five overs later that the people have been giving you the wrong information, you would have bowled in a very different way."

The blunders included errors in spreadsheets, data entry, end of year accruals and reconciliation processes."


So Maqqa, it seems obvious that you will not condemn these practices, because of YOUR Political biases!

Whereas I am interested in the facts & how they impact the Public and IF either Liberal or Labor trying to mislead or dupe the Public, I will condemn them! 

And so, on that basis, I say that any state government is NOT a "tuck shop", it is essentially a large & powerful Economic instrument and each has sufficient expertise to ensure a correctly produced set of Budget figures, but perhaps not the Political will, IF the REAL figures don't project the required image/s!

In this instance, the Auditor General has made it clear, that these were not mere "inconsistencies" and IF there are "systemic built in accounting errors", which the Auditor General has not referred to, then it is up to the Party delivering the Budget to find any such "systemic built in accounting errors", fix them and inform the Public.

The Liberals did none of that!

The difference between us is that, IF Labor puts themselves in a similar position, I will condemn them, the same as I condemn the Liberals in this instance based on the Reality of the situation, WHEREAS YOU condemn Labor for everything, BUT simply revert to SPIN for everything Liberal!

In true pinhead style... blame the Libs for an ACTUAL surplus and a spreadsheet error but ignore Labors massive over-spending and deficit ways.

Dnarever wrote on Nov 3^rd, 2012 at 12:03pm:


IM not saying the Treasurer doesnt deserve some mocking. But at the end of they day they have a REAL surplus and the spreadsheet is of little consequence. The bills are paid in $ - not excel cell formulae.