A government that justifies all spending and revenue raising

1 March 2023 by Glenn Barnes

Governance

Jim Chalmers has suggested businesses should justify price increases.

The government should justify why they take our money from us and spend it on what they call “essential services” – including a large and expensive bureaucracy.

The government should have an open zero-based budget approach in annual expenditure planning, justifying every dollar spent. Explaining their revenue-raising plan to fund the expenditure – including revenue raised from bracket creep.

It is the “peoples” money the government takes and spends or re-distributes. We are owed a clear and transparent rationale for all taxes and spending – not obfuscation and political doublespeak.

What do you think?

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Comments

IdeaSpies @ 2023.03.01 4:48 PM

When I was working with Government I was impressed with the US Financial Report as it seems easier to read than the Australian Report. See for yourself- including an executive summary that includes the following point:

The debt-to-GDP ratio was approximately 97 percent at the end of FY 2022. Under current policy and based on this report’s assumptions, it is projected to reach 566 percent by 2097. The projected continuous rise of the debt-to-GDP ratio indicates that current policy is unsustainable.

https://fiscal.treasury.gov/reports-statements/financial-report/current-report.html

IdeaSpies @ 2023.03.10 8:13 AM

It takes an election....

https://www.smh.com.au/politics/nsw/perrottet-pledges-to-publish-data-to-track-election-promise-spending-20230309-p5cqur.html

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