SA: No tax hikes and no new taxes in SA economic statement

AAP General News (Australia)
12-19-2008
SA: No tax hikes and no new taxes in SA economic statement

South Australia Treasurer KEVIN FOLEY says there'll be no tax hikes .. and no new taxes
.. in the state's economic statement today .. despite the global financial crisis.

Mr FOLEY says promised tax cuts will also be delivered .. but the state's finances
will slide into deficit.

The treasurer says the 160 million dollar budget surplus forecast for 2008-09 has gone
because of the financial crisis.

But he says .. unlike in other states .. the SA Labor government won't respond by ramping
up taxes.

AAP RTV tjd/af/psm/

KEYWORD: CRISIS SA (ADELAIDE)

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