Oh dear, Dr Nahan. I can’t tell if you’re mendacious or stupid but whichever it is you certainly have a doctorate in it. Here is the headline act from WA’s mid-year Budget update:
• The economic and fiscal outlook has deteriorated further since the 2015-16 Budget was finalised in April 2015.
• With slowing world demand resulting in further commodity price declines, a contracting domestic economy as business investment continues to decline from its peak in 2012-13, and lags in the GST distribution system exacerbating volatility in the State’s revenue base, the State’s finances are facing an unprecedented income shock.
