Mid-year budget review: Christmas pain for SA families
More debt, more deficits, high cost of living.
South Australians face a bleak Christmas this year with Labor's Mid-Year Budget Review delivering more pain for families.
Under Premier Weatherill's leadership, cost of living pressures continue to soar with state debt estimated to reach a near 20-year high of over $11 billion.
Today's Mid-Year Budget Review revealed:
- Debt is increasing to over $11 billion
- Labor will be running five deficits in six years, meaning that in five out of six years the State Labor Government is spending more than it is earning
- South Australia's net financial liabilities to revenue ratio is now at 133 per cent, placing further pressure on the AAA credit rating if savings are not met
- Total liabilities are expected to reach around $23 billion
MYBR
- Iain Evans press releaseTreasurer is not on the money!
Treasurer Snelling has got it wrong yet again - this time incorrectly claiming that the main ratio that determines our credit rating is the "non-financial public sector to revenue ratio".
It is in fact "net financial liabilities to revenue".
The Treasurer's own budget papers show this ratio is well over the 80-90 per cent level that ratings agencies are comfortable with.
It is currently sitting at 114.6 per cent climbing to 116.7 per cent in 2014, not "just over 90 per cent" as claimed by Treasurer Snelling on ABC radio on November 16.
Treasurer is not on the money
- Iain Evans MP press release
Snelling and Weatherill: AAA confusion
- Iain Evans MP press releaseRann & Foley leave billions in debt, deficit and liability
Far from rebuilding the state’s economy and finances, the State Labor Government’s own figures show that Mr Rann and Mr Foley will leave Premier Weatherill with $10.3 billion state debt by 2015, a state liability of $20 billion by 2013 and a budget deficit of $263 million.
Rann and Foley leave billions in debt, deficit and liability
- Iain Evans Press ReleaseSouth Australia's financial outlook downgraded
After ten years of Labor’s economic mismanagement the chickens are coming home to roost with Standard and Poors announcing South Australia’s credit rating has been downgraded from stable to negative.
For media reports, visit The Australian website: http://www.theaustralian.com.au/national-affairs/sa-treasurer-jack-snelling-under-pressure-with-standard-poors-warning-of-downgrade/story-fn59niix-1226144518020
or
or The Advertiser website: http://www.adelaidenow.com.au/news/south-australia/sa-at-risk-of-losing-aaa-credit-rating/story-e6frea83-1226144485325
South Australia's credit outlook downgraded
- Iain Evans Media ReleasePositive Ageing and Seniors Grants now open
Get in quick - applications close 5 August 2011
See 'Grants' section for more details!Were you a National Serviceman?
As your State Member, along with the National Servicemen’s Association of Australia, we are endeavouring to contact all males who are currently living in the State Electorate of Davenport, who were born between November 1933 and December 1939 – and between 1945 and 1952 who have not claimed their medals.Have you claimed you Anniversary of National Service Medal and the Australian Defence Medal?
If not, please contact the National Servicemen’s Association in your area, listed below who will assist in claiming what is rightfully yours. All National Servicemen may be entitled to receive these medals whether you served overseas or only in .
Your family I am sure would be most proud to have these medals in their possession.
I also wish to bring to your attention, for those who served their National Service commitment between 1951 and 1959 in the Navy, Army and Air Force and in the Army between 1965 and 1972 (either regular Army or CMF), that a National Servicemen’s Memorial will be dedicated on 8th September 2010.
The Memorial has already been constructed and sits in the immediate surrounds of the Australian War Memorial in Canberra and has been critically claimed as magnificent.
I and the members of the National Servicemen’s Association of Australia take this opportunity to encourage ex-National Servicemen to participate in this historic occasion and to also, very importantly, help you claim your medals.
Should you wish to claim your medals please telephone the SA State Branch of the National Servicemen's Association on 8293 6344 (office hours are Fridays only from 8:30am to 2:00pm) or write to The Secretary, NSAA SA Inc, GPO Box 388, Adelaide SA 5001.
Sex Offenders to Register Emails with Police
Under a Private Member’s Bill introduced by Member for
‘But we are going one step further,’ Mr Evans said.
‘Sex offenders are now moving to new technologies and new forums to find their victims.’
They have been known to use social internet sites such as Facebook and My Space that are popular among young people, to identify and familiarise with their victims, putting children at risk even in their own home.
Sex Offenders to Register Emails with Police
- Media Release 2009Iain Evans' Moves to Introduce Bushfire Committee
Over recent years
“We need to take decisive steps to best prepare South Australians for future bushfire events,” Mr Evans said.
Mr Evans has proposed a Standing Committee of the Parliament focussed on bushfire safety and prevention. The focus of the Committee would be on the very complex issues surrounding bushfire safety and prevention, including issues such as planning, native vegetation, building design, education, legislation and public preparedness.
See 2009 Media Releases for more information.