Looking at the budget

So just how much cutting to expenditure is there in the budget? To establish this I looked at Payments in nominal dollars in the MYEFO compared to the budget. Remember that Joe Hockey added a bit of spending to the MYEFO anyway to lay more blame on the previous government.

Budget payments 2014

So, um, nothing. What is happening is that the rate of increase in overall expenditure has been reduced. Rather than cutting spending what Hockey has done is rearrange spending.

Same exercise for revenue.

Budget receipts 2014

So the announced increases to taxation – a broken promise – aren’t doing very much in the way of raising revenue.

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23 Responses to Looking at the budget

  1. H B Bear

    Hang on a minute – I’ll go and get the magnifying glass.

  2. Ellen of Tasmania

    And he expects us to admire the rearrangement of deck chairs.

  3. Tom

    Damn. I’ve mislaid Gab’s compendium of quotes from Abbott (including several from last year’s election campaign) about how much he “believes in” smaller government and confiscating less from one of the most highly-taxed peoples on earth. Could you repost it, Gab?

    Will no-one in the MSN force the lying cnut to explain how maintaining the explosion of spending by the Liars-Filth rabble to a level 75% above Costello’s last budget has even a fantasy dress-up pretend connection to “smaller government”?

  4. Gab

    Most of it is here, Tom.

    Abbott and Hockey are still drumming on about lower taxes and Abbott’s excuse of “steady as she goes, no surprises government” just doesn’t ring true anymore.

  5. Senile Old Guy

    Abbott and Hockey are still drumming on about lower taxes and Abbott’s excuse of “steady as she goes, no surprises government” just doesn’t ring true anymore.

    Yes, Gab, either they are knowingly lying to us or completely deluded.

  6. Gab

    I don’t know anymore, Old Guy. I thought they were better than the other mobs, I believed they had learned from the mistakes of the other mobs over the past six years. I was wrong.

  7. I am the Walrus, koo koo k'choo

    The wasting of a golden opportunity, charted.

    Good analysis Sinclair, much better than what has appeared in the acres of newsprint devoted to the budget.

  8. Beef

    Yes, Gab, either they are knowingly lying to us or completely deluded.

    Well I wouldn’t be at all surprised if he is a wall punching misogynist.

  9. Beef, we’ve elected a Fabian Socialist government. Simple as that.
    The only way out is down. The Citizenry can learn the hard way, or the other hard way.
    The Doomlords graph shows it all.

  10. Tom

    From Snic’s quoting of Abbott in last Sunday’s broken promise thread:

    We are Liberals who believe in smaller government, lower taxes, greater freedom

    Costello’s last budget 2007-2008: expenditure $235.6 billion.
    Wand’s last Liars budget 2013-14: expenditure $398.3 billion. (+ 69%)
    Sloppy Joe’s first Liberal Socialist budget 2014-15: expenditure $414.8 billion. (+ 76%)

  11. Senile Old Guy

    I don’t know anymore, Old Guy. I thought they were better than the other mobs, I believed they had learned from the mistakes of the other mobs over the past six years. I was wrong.

    Quite a few of us have been deceived, Gab.

  12. Andrew

    I think the aggregates do disguise some change to mix – fewer seatwarmers in Canberra and more roads etc. After all, Hockey666 appears to have announced tens of billions of infrastructure projects. And they’re been stuck with the outrageous NDIS waste. Had we kept Goose McSwansteen, we probably would have had the Gillard spending plus the Rudd spending plus the seatwarmers and quickly gone bankrupt.

    Still, I conveyed my displeasure personally to a Senior Liberal Figure yesterday.

  13. H B Bear

    Quite a few of us have been deceived, Gab.

    Anyone who saw Howard dispensing pork shouldn’t be surprised.

  14. Michel Lasouris

    The one defence put forward by Electricity Bill is that (despite all the waste, lies and sheer ineptitude) Labor did not lose its triple A Rating. But it sure didn’t earn this rating.
    Australia is so-off-the radar that S &P, Moody’s and the others probably barely worry about checking where we are at.
    Moreover, do these Agencies have any credibility anyway? Weren’t they recommending the re-packaged bad debts from American banks to unsuspecting Europeans that started the Global Financial Disaster? They gave those things AAA ratings!
    AUSTRALIA 2007 No debt, no deficit, no interest. and AUD40 bn in the bank.
    AUSTRALIA 2013 $123bn on the credit card, $667pn on the mortgage, and $12bn .p.a. interest.
    Well Done, Julia, Kev and Bill….and Penny and Steve, and Anthony, and Roxy, Wayne and…..and….
    Triple A losers, everyone of them
    And now Electricity Bill wants to stop anyone from cleaning up the mess.
    Oh and don’t forget that the All Ords. is STILL only 80% of the pre GFC level (5500 v 6600)
    Whilst all those terrible economies that are no longer AAA have all equaled, and most cases exceeded their pre GFC levels……WHY?

  15. Grigory M

    A work of fiction at the Press Club on Wednesday:

    Over the last few months there has been another woman in my life. She’s 72 years of age and her name is Margaret from Langwarrin in Victoria.”

    The Treasurer revealed the self-funded retiree and mother of four sent him her story with some pictures.

    “I was captured. I rang her and had a chat,” he said.

    “She told me how much her income is and you would hardly suggest she is totally self-funded. She grows her own vegetables. Her husband lost his job in 1991. He was made redundant. People around her have been made redundant in more recent times from factories.

    “Her message to me throughout the entire development process of the Budget was ‘Be brave, be true and remember that we have to forge our destiny’.”

    “She said ‘Be true to yourself, put in place the things that are going to grow the nation because I am ready to do more’. That’s what she said.”

    Mr Hockey said the more he spoke with Margaret the more he came to realise the government needed to build for the future and everyone had an obligation to play a part.

    So – Margaret was saying “Please make it even harder for me. I’m ready”.

    WTF – Rasputin wasn’t available for guidance? Quoting him would be more believable. Or maybe Haley-Joel Osment: “I see dead people.” FFS, Joe – if that was your best fantasy you should have the staples removed and eat yourself into oblivion.

  16. sabrina

    Gab and Senile – They know most common people do not have the knowledge or time to examine the figures in detail. That’s why they get away with exorbitant claims, some of which are lies and broken promises. Only few Economists, some in here, assess these matters in detail and write in an impartial manner.
    Over the years, some of our politicians have transformed lying into an artform. Those in the Labor were/are of the worst type. We expect the current ones in the government to be infinitely better, and get on with the job without lying or obfuscating.

  17. Snoopy

    Ok. Now add a plot for 2017-18 including Labor’s Gonski, NDIS etc spending.

  18. Snoopy

    And don’t forget health.

  19. TerjeP

    Time to dust off the LDP budget.

  20. JC

    Moreover, do these Agencies have any credibility anyway? Weren’t they recommending the re-packaged bad debts from American banks to unsuspecting Europeans that started the Global Financial Disaster? They gave those things AAA ratings!

    They aren’t the gospel of course and should only be treated as a guide. However country ratings are generally pretty good -certainly more so than company ratings.

  21. Harald

    In the graph y-axis does not even start at zero dollars. Constructing the graph this way zooms in on the difference, and optically overemphasises the difference between these curves. In reality the difference between the curves is even smaller than the graph suggests.

  22. chrisl

    It is amazing how to lefties $7 (co-payment) can be so much but $40 billion! (Deficit) can be so little!
    And do people suddenly go on the pension at age 65 or do they have forty five years to prepare for it?

  23. Gray Nomad

    Most of you are just whinging bludgers. Really, to fix up Labour’s mess, Abbot and Hocking have no choice in the matter. Labour left a “legacy” of over 650 billion of dollars debt, that Abbot and Hocking have to fix up. If you don’t want to suffer a little pain now, your kids will suffer in time to come.

    For the last 20 years, going on the dole has been the first choice and “right” of every bludgeing Australian. If you are not studying full-time and not working by choice, why would anyone have the “right” to receive the dole? THE MIND SET OF AUSTRALIANS HAS TO CHANGE.

    Ask not, what can the Country do for me, but ask, what can I do for the Country!!!!!!!!!!

    Medical Co-payment: What’s wrong with that? Nothing!! If you need to see the Doc, go ahead and pay the miserly $6.00. Co-payment will stop a lot of unnecessary visits, it’s just common sense.

    Public Servants: There are far too many of them, many thousands too many. What do public servants do? Very little other than costing us, the tax payer a lot of unnecessary expenses.
    Click on this link and then you see why Climate Change was such a good thing (for public servants)
    http://www.taxpayers.org.au/climate-change-bureaucrats-jetsetting-the-world-in-luxury-at-our-expense/
    Want to know more? Tim Flannery, the Climate Change Guru bought himself 2 properties on the Hawksbury river, just meters from the water’s edge. He is not worried about raising water levels
    (or Global warming), he’s just worried about losing out on the gravy train now.

    Want to know why Australia is not competitive in the Global area? Just check out the link below.
    http://www.youtube.com/watch?v=lePrBUHihKI

    In conclusion, thanks Tony and thanks Joe for doing the job that must be done and you are doing. My kids and grand kids will appreciate your foresight.
    BTW, I am 70 years old and I am still working, so all you lazy bludgers: Sit on it!
    Or better still, get off your arses and do some work.

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