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$300 million hole in Labor policy leaves Ray floundered - Durack



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M E D I A R E L E A S E

SE N A T O R PETER D U RACK, QC

T H F S F N A"’' "

$300 MILLION HOLE IN LABOR POLICY LEAVES R A Y FLOUNDERING - DURACK

"Senator Ray said in a statement last Friday that he had a 'commitment to maintaining, in real terms, the funding of defence activities'.

"Either Senator Ray is wrong, or there is a $300 million hole in the One Nation statement.

"Senator Ray's blustering with nonsensical economic jargon cannot hide the fact that the One Nation statement either cuts defence spending or else has a $300 million hole in its savings plan", said Shadow Minister for Defence, Senator Peter Durack.

"The chart on page 155 of One Nation' projects 'real growth' in Government spending from 1991-92 to 1995-9$.

"For Defence, the chart shows a decline in real spending over this period of around $300 million.

"This contrasts with the same type of chart in the 1991-92 budget papers showing defence spending at almost zero real growth.i

"The two charts are almost identical in every area other than defence spending, with the 'One Nation' chart showing a significant cut.

"There is absolutely no way this can be reconciled with the Labor commitment to keep « defence spending static on 'zero real growth’. T -

"If there is no projected defence spending cut then the table in One Nation1 is wrong. That would mean that Mr Keating is $300 million short of funds for his One Nation1 spending proposals. ■ ■ ‘ i '

"Either way, Senator Rav owes us an explanation in plain English. He should tell us whether or not Defence spending is being cut or if a $300 million mistake in One Nation' undermines the credibility of the whole economic package." ,

(ends) 1 March 1992 ' - '

More Information: Peter Jennings (06) 277 3725, (home) 282 1437

508Π

COMMONWEALTH parliamentary Library MICAH

Please explain, Senator Ray!

,■ ?

. / ··

Table from One Nation (page 155)

(Shows a cut in defence spending of around $300 million)

Chart 23: Contributions to Real Growth 1991-92 TO 1995-96 (1991-92 PRICES)

Health

Assist Other Gov'ts

Public Debt Interest

Education

Legislative Services

Gen & Sc Research

Other Econ Services

Foreign Aff & Aid

Housing & Comm Amen

Culture and Rccr Law, Ord & P Safety

Defence

Transport & Comm

Labour & Empl Admin Services

Indust Assist & Dev

Social Sec & Welfare

-1-5

Percentage points of growth in total outlays -l -Q.5 0 0 J 1 1.5

5 million

Table from Budget Statement 1991-92 (Paper No 1, page 3-17)

(Shows Defence remaining static at close to zero real growth.)

Chart 5. Contributions to Real Growth 1991-92 to 1994-95 (1984-85 prices)

-1-5

Percentage points of growth in total outlays

-1 -05 0 0-5 1

Health ' ' ■ ■ ■ ■ ■ ■ ■ ' . '

Assist Other Gov'ts ■ ■ ■ ■ ■ ■

Asset Sales ■ ■ ■ ■

- Education ' ■ ■

Gen

_ Defence 1

Legislative Services 1

Other Econ Services 1

Foreign A ff Aid ■

Housing-& Comm Amen ■

Culture and Rcc Public Debt interest m

Law, Ord & P Safety g e i

Labour and E a p Contingency Reserve ■ ■ ■

Transport & Comm ■ i

Admin Services ■ ■ m

[nd Assist

■1000 -500 0

S Million

500

5 0 3 7