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Monday, 24 March 1997
Page: 2708


Ms WORTH —The people of South Australia continue to suffer after being king-hit by Labor's double whammy. South Australians are shelling out $83,000 every hour of every day of the year to service failed State Bank bail-out borrowings. The debt now stands at $4.3 billion. This is on top of the Beazley $8 billion black hole. Think of what this money could have been used for—hospitals, schools, better roads and infrastructure. Premier Olsen has recently estimated that these funds could have been used to build four Alice Springs to Darwin railways and link South Australia to new export opportunities.

It could have undergrounded overhead cables throughout most of Adelaide. It could have provided world leading medical and educational services to all South Australians. But what is Labor's response? They will not even support the Liberal government's attempt to undo the mess with more responsible public spending, let alone apologise to the people of South Australia. That is why there are so few Labor members in this chamber, and so few in the state parliament. South Australian taxpayers have been saddled with one huge financial mess. Many years into the future South Australians will still be missing out on much needed government services. This is Labor's shameful legacy.