WA: Budget is sliding into deficit as commodities boom collapses

AAP General News (Australia)
12-18-2008
WA: Budget is sliding into deficit as commodities boom collapses

Western Australia Treasurer TROY BUSWELL says the current perfect storm of economic
conditions will eventually result in the state budget sliding into deficit.

Delivering the government's mid-year review .. Mr BUSWELL says he's alarmed about the
direction of the government's finances .. and that treasury faces tough decisions on spending.

He says the previous Labor government increased expenditure by 10 per cent a year ..

leaving the state with no buffer to withstand the current economic crisis.

AAP RTV was/af/fdf

KEYWORD: BUDGET WA (PERTH)

2008 AAP Information Services Pty Limited (AAP) or its Licensors.