Monday, Feb 20, 2006 at 09:31
Bigcol,
As per an earlier response, Qld is less taxed because of the subsidies it received from NSW/Vic both post and prior GST. They were called State grants prior to GST.
As a % of
Australia's GDP, NSW produces 34.8%, Vic 25.4%, Qld 17.3%, WA 10.9%, SA 6.6%, ACT 2.0%, Tas 1.8%, NT 1.2% (Source: ABS Cat. No. 5220.0, State Accounts, 2003-04).
Qld, SA, WA, Tas and NT all get more than they earn via GST. I'll leave out the ACT because of it's obvious existence in la-la-land :))))) I've only mentioned QLD because of it's fuel subsidy which is the point of pertinence to this
forum.
As for Iemma, I have no time for his lot whatsoever, however remove $3billion (i.e. the amount NSW gives away each year from it's GST revenues) from Qld's budget and what would happen?
Can't move to Qld mate, too many bloody relatives up there already LOLOL
Regards
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