SABRA LANE: The costs of Cyclone Yasi haven't been included in that bill of course and we have got continuing floods in Victoria and the bushfires in Western Australia, how much more money do you think you are going to have to find to pay for damaged infrastructure here?Read more of this adenoidal twerp here at AM today.
WAYNE SWAN: Well, we'll have to take our time to get an accurate estimate. I've been in north Queensland and far north Queensland. I've seen the damage in places like Tully and Mission Beach. It is extraordinary so we've got to take our time to have a look at the size of the bill.
That's why we said when we announced the levy, as well as the savings some weeks ago what we had to do was to keep our finances in good shape because we didn't know what would be around the corner and of course we have now seen that even worse can happen.
That's just another reason why we need the levy but we've said then and we say it now, that we'll have to change priorities in the budget, we'll have to find further savings in the budget. In three budgets and two mid-year reviews we have already found and changed priorities in our budgets to the tune of $80 billion over that period of time and we'll have to do more, given the size of the damage that we're seeing in north Queensland and far north Queensland.
Monday, February 7, 2011
$80B savings? My fat aunt!
Not a question about where this $80B saving was being made... or that the whole thing is cooked as it isn't revenue they already have!