Several well-known economists have criticised the large Budget surplus recorded by the ACT Government. They have accused the Government of poor economic management and they all say that the Government should be spending some of the surplus instead of sitting on it.
ANZ Chief Economist, Saul Eslake, was not impressed with the ACT Government’s financial management. He said that the ACT surplus stood out from that recorded by other states. “It’s a big miss, it’s hard to understand,” he told the Canberra Times (17 August).
Mr. Eslake said that the surplus raised questions as to whether school closures had to be so severe.
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