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Treasurer Rob Lucas has already foreshadowed some of the top level figures: surpluses from 2018/19 growing to $211 million by 2022, but also a deficit of $397 million for 2017-18 – a contrast to the $12 million surplus forecast by the previous Labor Government.
Lucas will claim that the state’s finances plunged into the red during the last year of the Weatherill administration, telling the local Murdoch press today that Labor knew about the Budget’s worsening position.
Lucas has also foreshadowed public service cuts, but promises to protect so-called frontline workers like doctors and nurses.
Labor’s not copping any blame, claiming the Liberal administration is “rolling in record GST revenue”.
Shadow Treasurer Stephen Mullighan says the Government has received an unexpected windfall of $272 million in GST revenue this year.
“The Liberals have inherited a budget in surplus, a growing economy and a falling unemployment rate,” he said.
“They’ve also been gifted $272 million in unexpected GST cash.
“It’s hard to imagine a better set of circumstances to hand down a State Budget. Put simply, there are no excuses for any cuts in today’s State Budget.”
Premier Steven Marshall is promising the Budget will deliver “more jobs, lower costs and better services”.
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