Queensland’s 2020 Seinfeld Election – A Show About Nothing
Dr Marcus Smith
On the eve of the Queensland election the campaigning has begun with the usual pomp and theatrics that the State’s long-suffering taxpayers have come to expect.
This year Queensland taxpayers have been treated with platitudes coalescing around grand plans to “keep us safe” whilst guiding us down a “road to economic recovery” by creating “jobs for the future” and undertaking the “biggest infrastructure spend ever” to “grow the economy”.
Earlier this year the Queensland Audit Office released it a report on its assessment of the Queensland Government State Finances in 2018-19, which highlighted that declining revenues from GST redistributions as well as growth in expenses outpacing growth in revenues over the past couple of years was a cause for concern.
Businesses and households understand that they must live within their means. They know that when income falls they must either cut costs or divest their assets to maintain their viability and standard of living.
(Graphics taken from Queensland Government state finances: 2018–19, results of financial audits, Report 11: 2019–20 prepared by the Queensland Audit Office)