a[euro][approximately]Band-Aida[euro][TM] Budget Lacks Inspiration

Sunshine Coast Daily (Maroochydore, Australia), May 21, 2013 | Go to article overview

a[euro][approximately]Band-Aida[euro][TM] Budget Lacks Inspiration


Byline: Ron Goodman

QUEENSLANDaS peak business body has tipped a bucket on the Federal Budget, claiming it lacked inspiration.

Queensland Chamber of Commerce and Industry general manager advocacy Nick Behrens said the government had been right not to rush headlong back to surplus, but the budget lacked a commitment to reducing expenditure.

aBudgetary savings which are really tax increases, coupled with increased tax compliance will do little to build business confidence,a he said.

aIt is only business confidence that will deliver jobs and growth, which is what this budget claims, yet fails to provide.a

Mr Behrens said years of deficits and a lack of spending restraint had burdened the government with $212 billion in debt.

aWhilst we applaud commitments such as National Health Reform, Gonski and the National Disability Insurance Scheme, we do not believe these should be funded by debt,a Mr Behrens said.

aThese should be funded through a root-and-branch review of whole government spending.a

He said moderate commitments to infrastructure such as the Gateway Mwy and Cross River Rail represented an underinvestment compared to spending in other states and the Queensland business community would be aunderstandably disappointeda. …

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