Australian Treasurer Scott Morrison.
Australian Treasurer Scott Morrison. LUKAS COCH

Are budget projections a joke?

IS THE budget some kind of fictitious projection into the future or is it a realistic forecast?

Three years, four years, five years or even 10 years ahead are the periods projected and in most cases are nothing more than wet finger to the wind forecasts.

The treasurers making these predictions may not even be in power and circumstances can change dramatically over long periods making the projections a joke.

Why doesn't government get realistic and project only two years ahead to achieve their objectives, as voters are not interested or capable of remembering five or 10 year forecasts?

While long-term forecasts are interesting they should only be wish plans and something to aim for in the future.

Most voters are more interested in what is going to happen this and next year.

How many times have we heard treasurers promise to return to surplus in four years only to find it never happens? Most of us treat this kind of forecast as a joke.

KEITH WHITESIDE

Sippy Downs


Igniting the imagination of children

Igniting the imagination of children

New book for mental health

$40,000 fine in Park Rd

$40,000 fine in Park Rd

Householder breaches development conditions

Dam upgrade means water levels down 6 metres

Dam upgrade means water levels down 6 metres

Lake Macdonald dam upgrade to start 2019

Local Partners