Give WA another bailout and Barnett the arse

Sunday 13 December 2015

PRIME Minister Malcolm Turnbull is considering a “drastic” plan to rescue WA’s State Budget.

But the Barnett Government’s “royalties for GST” proposal could set it on a collision course with the eastern states.

Every other state and territory would see their share of the Goods and Services Tax payout slashed by tens of millions of dollars, while WA would be $837 million better off in 2016-17.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.