News Flash

The decision by the Government 12 months ago to establish a Sustainable Budget Commission is now increasingly seen as unnecessary due to changed circumstances. The need to cut $750m to "balance the books" no longer exists.

Australia has got through the Global Financial Crisis particularly well, in no small part through expenditure by the Commonwealth Government as it invested for the future.

Now is the time for the South Australian Government to invest in jobs, services and infrastructure. It is able to do so as a result of a dramatically improved financial situation.

University of Adelaide's Professor John Spoehr has stated that "the outcome for this financial year alone is expected to be $450m better than expected." He went on to say that "There is no threat that the State Government will lose its AAA credit rating in the current context."

Further public comment was provided in the Sunday Mail of 6 June.

8 June 2010