The NSW Government unveils its mini-Budget today, but the cracks have already appeared with the announcement yesterday of the Government’s plan to axe the petrol subsidy in Northern NSW.
We haven’t yet seen the mini-Budget, but we are already being warned by the Government that it will be tightening the belt; and if you haven’t been dieting lately get ready for the diet of all economic diets.
The Government had already announced last week it was axing the school bus subsidy, which will cost parents more to get their children to school, and also hit local bus companies hard.
Then it was the $50 back-to-school allowance, adding another hefty slug to parents’ finances and hurting retailers.
Now the Northern NSW petrol subsidy is being axed, and the mini-Budget is only being handed down today.
This State Government is so far into debt it has to tighten the fiscal belt, or we will all go to the cleaners. Many innocents are going to have to pay the price for years of mismanagement. But that is often the way.
The authors of this disaster have jumped ship, leaving others to mop up after them.
As for petrol costs, another three cents a litre doesn’t sound like much, but on top of already escalating prices it adds up to a lot, especially in a region where most people have little choice about driving their cars long distances to get around.
And it’s no good for business either, as it puts up transport costs, which have to be passed on to the consumer – you and me.