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President Elect, The Mechanic

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Dear Andrew..
Dec 19^th, 2017 at 11:10am

Today’s Budget Update (the Mid-Year Economic and Fiscal Outlook) shows Australia’s Budget position has improved by $9.3 billion over 4 years, compared to the forecast in May’s Budget.

Over six years, Labor racked up six deficits and put Australia on track for $1 trillion in debt.

We have brought Labor’s reckless spending under control and are on track for budget balance in 2020-21.

Today’s figures show that from this year, the Government will no longer need to borrow for recurrent expenditure (that is, regular expenditure like health, education and welfare – as opposed to assets like road and rail infrastructure).

This would be the first time since 2008 that the Australian Government must no longer borrow to meet its recurrent expenditure.

This is a function of the Turnbull Government acting to get expenditure under control.

Today’s positive Budget news, follows last week’s good news on jobs. So far this year, 360,000 more jobs have been created – at a rate of over 1,000 new jobs per day.

The Coalition Government remains determined to fix the Budget and deliver a stronger economy, with more and better paying jobs.

For more information about today’s Budget update, click here.

Regards,

Scott Morrison
Treasurer

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Q

The STORM has arrived
Every Dog Has Its Day...
Dark to Light.
Sheep no more.

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President Elect, The Mechanic Gold Member Offline Australian Politics Posts: 17501 Gender:	Re: Dear Andrew.. Reply #1 - Dec 19^th, 2017 at 11:11am Thanks for thew update Scott
Back to top	Q The STORM has arrived Every Dog Has Its Day... Dark to Light. Sheep no more. IP Logged

juliar Gold Member Offline Australian Politics Posts: 22966	Re: Dear Andrew.. Reply #2 - Dec 19^th, 2017 at 11:17am Gosh this will throw the Welfare Dependent Lefties into a screaming heap!!!!!
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philperth2010 Gold Member Offline Australian Politics Posts: 20150 Perth Gender:	Re: Dear Andrew.. Reply #3 - Dec 19^th, 2017 at 11:26am Thank you China!!!
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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Dear Andrew.. Reply #4 - Dec 19^th, 2017 at 12:18pm Treasurer Scott Morrison and Finance Minister Mathias Cormann have released the Mid-Year Economic and Fiscal Outlook (MYEFO) in Canberra, showing wage growth has been downgraded across the next four years, along with downgrades in growth of the nation's GDP.
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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Dear Andrew.. Reply #5 - Dec 19^th, 2017 at 12:19pm Annual retail sales till sept under 2% , first time EVER Household saving 10% sept 2013 3.6% now GDP 1567 billion US sept 2013 1205 billion US now Interest rates still at record lows Debt 217 billion 2013 600 billion now Superior economic managers
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cods Gold Member Offline Australian Politics Posts: 88048	Re: Dear Andrew.. Reply #6 - Dec 19^th, 2017 at 2:52pm juliar wrote on Dec 19^th, 2017 at 11:17am: Gosh this will throw the Welfare Dependent Lefties into a screaming heap!!!!! not even work for the dole....omg!
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Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 83844 Proud pre-1850's NO Voter Gender:	Re: Dear Andrew.. Reply #7 - Dec 19^th, 2017 at 3:33pm "has improved by $9.3 billion over 4 years, compared to the forecast in May’s Budget."
Back to top	“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” ― John Adams IP Logged

juliar Gold Member Offline Australian Politics Posts: 22966	Re: Dear Andrew.. Reply #8 - Dec 19^th, 2017 at 5:53pm The old LW is doing his deny thing and making up fibs as he goes. But then who EVER believes ANYTHING that oozes out of a Welfare Dependent Lefty ?
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President Elect, The Mechanic Gold Member Offline Australian Politics Posts: 17501 Gender:	Re: Dear Andrew.. Reply #9 - Dec 19^th, 2017 at 6:25pm juliar wrote on Dec 19^th, 2017 at 5:53pm: The old LW is doing his deny thing and making up fibs as he goes. But then who EVER believes ANYTHING that oozes out of a Welfare Dependent Lefty ? no one cept other Welfare Dependent Lefty's
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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Dear Andrew.. Reply #10 - Dec 19^th, 2017 at 6:54pm A good whack of cold hard devastating facts Proudly brought to you by leftwinger
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Dnarever

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Re: Dear Andrew..
Reply #11 - Dec 19^th, 2017 at 7:34pm

Debt is still increasing:

Net debt is expected to stabilise over the forward estimates, peaking at 19.2 per cent of GDP in 2018 19,

What a surprise another Liberal government taking the credit for a world wide trend.

Quote:

Global growth has strengthened significantly over the course of the year. While the strengthening in growth was anticipated at Budget, it has accelerated by more than forecast.

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Dnarever

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Re: Dear Andrew..
Reply #12 - Dec 19^th, 2017 at 7:42pm

Quote:

• Major bank levy ($5.5 billion over the forward estimates); and
• Pause in FTB A & B Payment indexation rates for two years ($1.9 billion over the forward estimates).

Here is how the improvement is done.

Remember all those genuinely disabled people who cannot qualify as to be disabled ??? They are paying for it.

remember the NDIS changes ?

Remember the cuts to health and education ?

Increasing tax and removing benefits ?

All short term one off's nothing here to fix anything just deferring the problems.

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President Elect, The Mechanic

Gold Member

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Australian Politics

Posts: 17501
Gender: male

Re: Dear Andrew..
Reply #13 - Dec 19^th, 2017 at 7:56pm

Dnarever wrote on Dec 19^th, 2017 at 7:42pm:

Quote:

• Major bank levy ($5.5 billion over the forward estimates); and
• Pause in FTB A & B Payment indexation rates for two years ($1.9 billion over the forward estimates).

Here is how the improvement is done.

Remember all those genuinely disabled people who cannot qualify as to be disabled ??? They are paying for it.

remember the NDIS changes ?

Remember the cuts to health and education ?

Increasing tax and removing benefits ?

All short term one off's nothing here to fix anything just deferring the problems.

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bullshit12_001.jpg (61 KB | 16 )

Q

The STORM has arrived
Every Dog Has Its Day...
Dark to Light.
Sheep no more.

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oh dear Gold Member Offline Australian Politics Posts: 715 Gender:	Re: Dear Andrew.. Reply #14 - Dec 19^th, 2017 at 7:58pm Whos Andrew?
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