Blog/Australia & Oceania
Posted Mar 8, 2016 by Martin Armstrong
New South Wales Treasurer Gladys Berejiklian. Photo: Daniel Munoz
Everywhere we look, governments are in deep trouble. Down under in New South Wales, Treasurer Gladys Berejiklian has put in motion a quite dramatic reduction in the size of government. She has outlined a number of government departments, agencies, state-owned corporations, boards, committees, and trusts that need to be curtailed in a new efficiency drive that could lead to public service job cuts. We should expect this to be the net outcome at the state and local levels where they do not possess the power to create money.