Maqqa wrote on Nov 3
rd, 2012 at 8:45am:
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
GM
Quote:Caught out??? They were 'caught out' by an error in a spreadsheet - hardly the stuff of legend in the world of govt mistakes. and this mistake meant they were actually in SURPLUS. Its like redoing your personal accounts and finding $10,000 extra. Its the kind of 'mistake' we all dream of!
They were caught out by around 40 errors + in a spread sheet.
A spreadsheet that the treasurer is responsible for ensuring is correct.
The one where the numbers are added up to form the NSW budget, the end result of the Treasurers year of work.
(1) The Auditor General found inconsistencies in the current reporting systemNo the errors were in the budget accounting, this is audited every budget, this is the first time this type of errors have been found.
(2) This is the same reporting system Labor have been using for the last 10 yearsYes with no substantial errors in accounting identified during the audit process.
PN is trying to show he/she understand economics - been doing for years nowPN getting it wrong if he did has no consequences,
there they're their is a much greater problem when Mr Baired the NSW treasurer shows us that he is not capable of correctly keeping the ststes books in order.
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 $ -