Mr Speaker,
I guess by now you have all figured out I don't know what I'm doing. That awful truth has finally dawned on me as well.
Regarding the Resources Super Profits Tax (RSPT)
When I announced it, I said it would raise $9 billion in the forthcoming year - whoops! I had high hopes for that tax. I called it "the greatest economic change in our lifetime". Of course I had no idea what I was saying but the Liberals are always going on about GST which raises $50 billion per year so I thought I had better lodge my nomination for the greatest tax "reform" ever.
Last year, I came home with a wet sail declaring: "The deficit years are behind us. The surplus years are here."
Looks like I got the words the wrong way around.
In April, I said the revenue was down $7.5 billion. A week later Julia said it was down $12 billion. Then Penny went out last week to say it was down $17 billion. I leaked out a Treasury briefing on the weekend to say we were $26 billion down.
I want people to think I am cutting costs. I've told you every budget that I am about to do that. But when I see a state premier who is really cutting costs - like Campbell Newman -- I just take cheap shots. That's my default position, to attack expenditure restraint.
So how do I reconcile all this? Well I can't. And I don't have to because on September 14 I'm handing it all over to the Liberals. That's their job: to clean up my mess.
Loved it!
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Cheers,
Oracle.