WSA Public Forum – Dalkeith 20 February 2013 – a presentation by Ken Eastwood

Profli-gate – How are we paying for all these future projects?

I would like to ask you all to take your memory back to four and a half years ago.  At that time we had a very even result as to who would govern our State for the next term.  So close was the result of that last election that the future government was decided by the minority National Party.

At the time we, the voting public, were mainly concerned about Law and Order, our very much under pressure Public Health system, the inadequacy of our Public Transport and major road systems, our deteriorating Education facilities and the escalation of Perth’s cost of living.

So, having been a staunch Liberal supporter for all of my life, these comments are not about party politics but they are about how just our present Government has spent our taxpayer dollars.

With a net State debt of $3.6 billion dollars four and a half years ago, we were easily convinced that the coming mining boom would solve all of our problems. Right now, after just 4½ years of that mining boom we have a state debt projected to grow to $18.6 billion dollars by 30 June this year. That is an increase of 520% in that short period.  On current estimates our net state debt will reach $25 billion dollars by the end of the 2015-16 financial year.

Even with our recent population explosion that is an increase from $1,650 per head of population in 2008 to approximately $6,250 per head in 2012 and on current trends will reach $9,400 per head of population by June 2016. Our net share of State debt per head of population has quadrupled in just 4.5 years.   Such an increase in debt levels will have occurred during the most profitable five years in the State’s history.

But, is there any good news? Continue reading

Profli-gate – WSA Public Forum 11 October 2012

 Profli-gate – How are we paying for all these future projects?

Address by Ken Eastwood AM FCPA

 As the first speaker tonight I would like to ask you all to take your memory back to three and a half years ago.  At that time we had a very even result as to who would govern our State for the next term.  So close was the result of that last election that the future government was decided by the minority National Party.

At the time we, the voting public, were mainly concerned about Law and Order, our very much under pressure Public Health system, the inadequacy of our Public Transport and major road systems, our deteriorating Education facilities and the escalation of Perth’s cost of living.

So, having been a staunch Liberal supporter for all of my life, these comments are not about party politics but they are about how just our present Government has spent our taxpayer dollars.

With a net State debt of $3.6 billion dollars three and a half years ago, we were easily convinced that the coming mining boom would solve all of our problems. Right now, after just 3 ½ years of that mining boom we have a state debt of approximately $17 billion dollars. That is an increase of 460% in that short period.  On current estimates our net state debt will reach $24 billion dollars by the 2014-15 financial year.

Even with our projected population explosion that is an increase from $2,100 per head of population to approximately $11,500 per head. Such an increase in debt levels will have occurred during the most profitable five years in the State’s history.

But, is there any good news?

There is no evidence to suggest:

That our Police Force is any better resourced?

That our Health system is in any better shape with more Hospital beds and no more ambulance ramping?

That our roads are coping with the increased traffic and that our public transport system is in better shape?

That our Education facilities are in better shape?

That cost of living pressures are any easier to manage?

Let’s have a look at some of our governments more worrying decisions over the past three or four years. Continue reading