Far from rosy, ACT budget at its weakest in a long time

By Jon Stanhope & Khalid Ahmed
November 28 2018 - 11:00pm

The ACT Government claims to have returned to a surplus budget and a quick look at the headline operating budget does indeed give the impression that the territory is in a sound financial position. The fact is, however, that the budget papers and the audited financial statements reveal that the territory’s finances are sadly at their weakest in a very long time, with taxes and net debt increasing at unprecedented rates, and net financial worth in decline.

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