2016-17 State Budget
Monday, 12 September 2016
With State debt set to peak at $14.2 billion in 2017/18, our
next generation – our children and grandchildren – will bear the burden of that.
The interest bill alone will be $652 million in 2017/18. The mismanagement
from what will be 16 years of State Labor will be felt long into the future.
South Australia’s power prices reached crisis point recently
when the monthly average spot price for electricity in July was $279.50 per
megawatt hour, up from $73.50 per megawatt hour in July last year. South Australian businesses cannot sustain these
price hikes and it puts them at a competitive disadvantage. The State Liberals are supporting calls for
a Federal inquiry into the performance of the National Electricity Market; the
need for more interconnection and the generation mix with particular reference
to the over-supply of wind energy that cannot be stored.
The New Royal Adelaide Hospital (nRAH) Project is now well
behind schedule and over budget. The project has blown out from $1.7 billion to
$2.3 billion. The massive cost of the
nRAH is a key factor in the Weatherill Government’s decision to close the Repat
and downgrade services in other Hospitals. The nRAH will have less beds,
insufficient provision for clinical trials and the EPAS system has its own
significant cost blowouts.
This State Budget fails to deliver any cost-of-living relief
for South Australian households and businesses, and instead adds new and increased
taxes, fees and charges including the Solid Waste Levy, taxi fares, online
gambling, and school fees for 457 visa holders.
South Australia is now the highest taxing jurisdiction in Australia
according to the Commonwealth Grants Commission.