Tuesday, 17 August 2010 15:29

$5.6B NBN black hole - submit Government NBN costings to Treasury demands Coalition

By

An apparent $5.6 billion funding shortfall in the Government's NBN budget has prompted calls by the Opposition for a full Treasury analysis of the costings. A spokesman for Shadow Minister for Finance and Debt Reduction Andrew Robb told iTWire that the Parliamentary Library, which yesterday revealed the Government's NBN budget anomaly, had done an admirable job.

Yesterday afternoon, Brian Dalzell from the Parliamentary Library economics section released a report which found that only $16.842 billion had been allocated by the Labor Government for NBN over the next five years, almost $5.6 billion short of the $22.4 billion estimated for that period by Government's own $25 million implementation study.

The Coalition Opposition has siezed upon the shortfall saying it is evidence that Government is recklessly flying by the seat of its pants economically.

'Considering the planned $43 billion expenditure on the NBN - and perhaps more - we call on the Treasurer to urgently submit the proposal to Treasury for a full costing,' a spokesman for Mr Robb told iTWire.

'We think this problem has been highlighted by the fact there is no real business plan for the proposal, no cost benefit analysis.

'It really illustrates that the whole thing has been cobbled together quite recklessly.'

The Government also targeted Prime Minister Gillard, claiming she is ignorant of the details  concerning the structure of the NBN and its costings.

'Even today Julia Gillard was asked about specifics of the network in relation to how many households will be connected in the next term of the Gillard Government should they be elected and she had no idea,' the spokesman told iTWire.

'She was asked about what customers would have to pay to access the service and she had no idea.

'Considering the expenditure and now the new doubt that has been raised about the Government's financing (of the NBN) it should be submitted for a full and thorough costing by Treasury which to this point in time the Government has refused to do.'

Responding to claims of the funding shortfall, representatives of the Labor Government today questioned the validity of the Parliamentary Library report and criticised the accuracy of its findings.

However, Mr Robb's office dismissed the criticisms and repeated the call for full Treasury analysis of the Government's NBN costings.

'We would expect the Parliamentary Library to do extremely thorough and accurate work,' Mr Robb's spokesman told iTWire.

'In this particular instance, they've done an admirable job in trying to piece together all the various financial pieces of the puzzle.

'The thing is that the Government has put so little information out there as to how the Government is going to pay for the thing, the Parliamentary Library has faced quite a difficult job in doing that.'

 

Read 2445 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

GET READY FOR XCONF AUSTRALIA 2022

Thoughtworks presents XConf Australia, back in-person in three cities, bringing together people who care deeply about software and its impact on the world.

In its fifth year, XConf is our annual technology event created by technologists for technologists.

Participate in a robust agenda of talks as local thought leaders and Thoughtworks technologists share first-hand experiences and exchange new ways to empower teams, deliver quality software and drive innovation for responsible tech.

Explore how at Thoughtworks, we are making tech better, together.

Tickets are now available and all proceeds will be donated to Indigitek, a not-for-profit organisation that aims to create technology employment pathways for First Nations Peoples.


Click the button below to register and get your ticket for the Melbourne, Sydney or Brisbane event

GET YOUR TICKET!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Stan Beer

Stan Beer has been involved with the IT industry for 39 years and has worked as a senior journalist and editor at most of the major media publications, including The Australian, Australian Financial Review, The Age, SMH, BRW, and a number of IT trade journals. He co-founded iTWire in 2004, where he was editor in chief until 2016. Today, Stan consults with iTWire News Site /Website administration, advertising scheduling, news editorial posts. In 2016 Stan was presented with a Kester Lifetime Achievement Award for his contribution to Australian IT journalism.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments