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UPDATED | Treasurer Rob Lucas insists he will still be able to deliver “a modest surplus” in his next budget, despite conceding a dramatic $577 million write-down in Commonwealth GST revenues over the next four years which will send him scrambling for savings.
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Changes to GST distribution, including a new floor of 75 cents, have cleared federal parliament after a long fight led by Western Australia to get a fairer deal.
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UPDATED | State Treasurer Rob Lucas is warning the Federal Government he will strongly oppose any change to the current GST distribution deal.
SA Premier Jay Weatherill says Western Australia has always been “intellectually dishonest” about the GST, dismissing Malcolm Turnbull’s push for a change in the way it is distributed as a distraction from health funding cuts and soaring power prices.
Malcolm Turnbull says if re-elected he will sit down with state premiers to again discuss the distribution of GST revenue.
There were three competing and conflicting narratives in the Coalition’s budget. First, there was the narrative that Malcolm Turnbull and colleagues have been playing up – that their budget built on tax cuts for middle-income earners and small (and not-so-small) business – was part of their long-term plan for economic growth.
