Ex-treasurer calls WA GST deal 'greatest public policy decision this century'
A former treasurer has publicly defended the 2018 WA GST carve-up as 'the greatest public policy decision this century', hitting back at the Productivity Commission's interim report that branded the deal a costly mistake potentially costing taxpayers up to $12 billion a year. The intervention deepens a national fight over how tens of billions in GST revenue are split between states. Listen for how this reframes the political battle ahead of the Commission's final report due in December.
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Western Australia is guaranteed seventy-five cents for every dollar of GST revenue under the twenty eighteen rules.
The federal government will spend twenty-three billion dollars by twenty twenty-five to maintain state funding guarantees.
Western Australia received one hundred and thirteen percent of its fiscal needs while other states averaged ninety-eight.
The total cost of managing state fiscal balances could reach sixty billion dollars by the decade's end.
Ending federal top-up payments in twenty thirty creates a massive fiscal cliff for the eastern states.
The Productivity Commission recommends returning to a distribution model based on actual fiscal need rather than guarantees.
- 01Intro1 min
- 02The Seventy-Five Cent Floor2 min
- 03The Twenty-Three Billion Dollar Receipt2 min
- 04The Electoral Shield2 min
- 05The December Deadline2 min
- 06Outro1 min
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