Mr AH KIT - 2001-10-17
Mr AH KIT: I also respond to the question that was asked by the member for Katherine in regards to the counter cyclical budgeting.
Mr Reed: Oh, you know what it is.
Mr AH KIT: I said I would get back to the members. Do you want to hear the answer or not? You have spent a lot of time putting the question together, I would think that you would like to hear the answer.
As we understand it, the budgeting means government is spending a lot more on capital works when the economy is flat. It is the boom and bust cycle that we all become accustomed to at one time or another, and this obviously fills in the pot holes in the private sector expenditure area. The current capital works program, as we said many times today, is on track. We are 30% through the year, we have spent 30% of the capital works budget.
Mr Reed: Oh, you know what it is.
Mr AH KIT: I said I would get back to the members. Do you want to hear the answer or not? You have spent a lot of time putting the question together, I would think that you would like to hear the answer.
As we understand it, the budgeting means government is spending a lot more on capital works when the economy is flat. It is the boom and bust cycle that we all become accustomed to at one time or another, and this obviously fills in the pot holes in the private sector expenditure area. The current capital works program, as we said many times today, is on track. We are 30% through the year, we have spent 30% of the capital works budget.
Last updated: 09 Aug 2016