FISCAL POLICY – WESTERN AUSTRALIA

WA Treasurer puts asset sales on hold

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Original article by Brad Thompson
The Australian Financial Review – Page: 11 : 11-May-18

The Western Australian Government’s May 2018 Budget has forecast a deficit of $A1.3bn for 2017-18, while it expects to deliver a $A572m surplus in 2020-21. The Budget papers also show that the state’s net debt is forecast to be $A39.1bn in 2018-19 and $A40.85bn in 2019-20, with Premier Mark McGowan reiterating that the government will reduce debt gradually. Meanwhile, Budget measures are expected to result in the average household paying an extra $A292 in government fees and charges in 2018-19.

CORPORATES
WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN LABOR PARTY, WESTERN POWER CORPORATION, LANDGATE, TOTALIZATOR AGENCY BOARD (WESTERN AUSTRALIA), INVESTEC AUSTRALIA LIMITED, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE

WA in $16b asset sale to fix budget

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Original article by Julie-anne Sprague, Tess Ingram
The Australian Financial Review – Page: 1 & 8 : 13-May-16

The Western Australian Government’s May 2016 Budget forecasts that the state’s deficit will blow out to $A3.9bn in 2017, while net debt will rise above $A40bn by 2019. Treasurer Mike Nahan has flagged plans to privatise some $A16bn worth of state assets, including Western Power, the TAB and Fremantle Ports. Nahan has stressed the need for asset sales to reduce the Budget deficit and to invest in new infrastructure.

CORPORATES
WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, WESTERN POWER CORPORATION, TOTALIZATOR AGENCY BOARD (WESTERN AUSTRALIA), FREMANTLE PORTS, HORIZON POWER, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, STANDARD AND POOR’S CORPORATION

Royalties leave deficit certain

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Original article by Gareth Parker
The West Australian – Page: 33 : 17-Dec-14

The Western Australian Government has warned that the Budget deficit for 2014-15 will be "significant". The Budget bottom line has been hit by factors such as a sharp fall in revenue from iron ore and petroleum royaties, due to the downturn in the price of both commodities. The Government’s revenue from royalties has risen by 127 per cent since Premier Colin Barnett took office. In contrast, revenue from all other sources has increased by just 31 per cent

CORPORATES
WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET