00:02Another day and another damning assessment of the ACT's financial position.
00:07This report that's been released today really reveals just how badly Labor has betrayed the trust that Canberrans placed in
00:14them.
00:14Government has been spending more money than it has been raising. That's a problem that can't continue forever.
00:19An assembly committee inquiry into the fiscal sustainability of the ACT has found the territory's financial position is not sustainable
00:28and that it has deteriorated over the past decade driven by government policy decisions.
00:33We have to get to the bottom of where the waste is from this government, where they're spending recklessly.
00:40The committee made 26 recommendations including to prioritise health as the primary area for identifying expenditure efficiencies,
00:48to consider opportunities to increase revenue from gambling taxes and to establish robust systems to monitor and apply for funding
00:56from the Commonwealth.
00:57To make sure we're getting our fair share of Commonwealth revenue because we have missed out on so much Commonwealth
01:03funding.
01:04The committee also found increasing the tax burden for ACT residents and businesses may erode the territory's own source revenue
01:11base
01:11and that any further changes must be made with care.
01:15You can't turn the budget around simply by trying to tax your way out of trouble.
01:20In a statement, Chief Minister Andrew Barr said fiscal sustainability requires discipline from all parties and MLAs, not just the
01:28government.
01:29He says the era of demanding more infrastructure and more services while also calling for lower taxes and lower debt
01:36must come to an end.
01:37And here we go.
01:37But that'sちょci wait, after this, we do a For powiedziećolve Act, including the éléments of damage that was important for
01:39them to increase the amount of participation.
01:39...
