This Labor Government’s fixation on spending money like a kid in a lolly shop is irresponsible, and their red tape preventing private sector investment is killing the economy, writes Opposition Leader Lia Finocchiaro (pictured).
The NT Budget next week won't cut many more jobs from the public service, but public servants will need to work harder, running unfunded projects left behind by the Labor government, and bringing to reality new ones promised by the CLP.
Borrowed money isn't a bad thing so long it's not used for the day to day administration, but rather for assets cranking up employment and the economy.
Some of the flood of Canberra money will continue to be used to subsidise the ailing Power Water Corporation (PWC), but the corporation will be required to massively improve its efficiency. But we will continue to have some of the nation's lowest electricity tariffs.
So says NT Treasurer Dave Tollner, partly in response to a comment published here on Monday. He spoke to Alice Springs News Online editor ERWIN CHLANDA. PHOTO: Mr Tollner talking to anti-uranium protesters during the Legislative Assembly sittings in Alice Springs in November, 2009.
"The My New Home scheme is an interesting proposal – my only concern is that there's often a difference between what governments, lending institutions and finance brokers say people can borrow and how much they should," says Duncan Poulson, NT Regional Commissioner of the Australian Securities and Investments Commission (ASIC).
Posted September 17:
The new government appears unlikely to implement the no-deposit, low interest scheme, My New Home, promised by the defeated Labor government – certainly not in a hurry. ERWIN CHLANDA reports.