telsor
Hall of Famer
bit like infrastructure spending per head?
Perhaps this bit of pollyspeak might help
Seems a good bit of the infrastructure spend was on income earning project, maybe
- you've also got to remember that the way the formula works, it's backwards-looking, so the revenue spike ... was some years ago now, but they're still dealing with the consequences of that in terms of the GST allocation," he said.
- "In order for those big revenues to occur, for those big projects to be built, for the royalties to be delivered, the state of Western Australia has had to make massive investments in infrastructure.
- WA receives just 30 cents in the dollar, while every other state receives significantly more.
- "Any extra money is obviously appreciated, but it does not correct the gross imbalance where we are getting 30 cents in the dollar and every other state is getting 100 cents in the dollar."
Don't worry too much about infrastructure in Melbourne though, buy some shares in Transurban.
So now you're admitting that WA does quite nicely out of some aspects of Federal government spending....
Care to come back to me when you're going to be consistent?