I wrote earlier about the government’s ‘revenue shortfall’ and its appalling forecasting skills. Its wage increase – ie tax revenues – did not increase as much as expected.
Andrew Bolt has outlined the three ‘data points’, namely
- Wayne Swan on 21 April about a revenue shortfall of $7.5 billion
- Julia Gillard on 28 April about a revenue shortfall of $12 billion
- Penny Wong on 7 May about a revenue shortfall of $17 billion.
And next week?
Well here is a linear regression of those three data points projected to election day, 14 September, where the revenue shortfall will be approaching $95 billion. Let’s hope that this trend doesn’t keep running.