Treasury Excel flub and ‘spurious' trends behind $12b GST miss for NSW
Mookhey had claimed in the lead-up to last year's budget the state's AAA credit rating was at risk due to losing $12 billion of GST over the next four years, mystifying federal government and independent analysis, which derided it as 'nonsense', noting the calculation must have been based on the government's own forecasts.
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Sydney Morning Herald
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The Age
2 hours ago
- The Age
Chalmers hits back at critics talking down economic talkfest before it has even begun
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AU Financial Review
2 days ago
- AU Financial Review
Treasury Excel flub and ‘spurious' trends behind $12b GST miss for NSW
A raft of forecasting errors by NSW Treasury, including failures to update formulas in Excel software discovered in multiple state budgets, led Treasurer Daniel Mookhey to claim last year the state was being shortchanged $12 billion in GST revenue. Mookhey had claimed in the lead-up to last year's budget the state's AAA credit rating was at risk due to losing $12 billion of GST over the next four years, mystifying federal government and independent analysis, which derided it as 'nonsense', noting the calculation must have been based on the government's own forecasts.
