In Business

Northern Territory Shadow Treasurer Willem Westra van Holthe

Budget Fails The Cost Of Living Test

Victor P Taffa

The Federal Budget has all the hallmarks of its Territory counterpart plenty of talk about tough action on spending and then a substantial budget deficit.

Shadow Treasurer, Willem Westra van Holthe, said Wayne Swan’s budget has done nothing to address the significant cost of living issues in the Territory.


“The essential test is whether the Budget would ease cost of living pressures on Territory families and last night’s Budget fails that test.” Mr. Westra van Holthe said.

“There is nothing in this budget that will help overcome the Territory’s housing crisis or ease pressure on household budgets.”

“The omission of any detail on the carbon tax further slashes the Budget’s credibility.” Mr. Westra van Holthe said.

“The carbon tax will increase the already high costs of living in the Territory and cripple economic growth in Aboriginal communities.”

“The Commonwealth and Territory Governments are addicted to spending other people’s money.” Mr. Westra van Holthe said.


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