THE State Government has broken one of its key financial promises to keep the state’s financial accounts in the black. New figures released yesterday by Treasurer Michael Aird show the consolidated fund, the Government’s main bank account, was in deficit at the end of the 2008-09 financial year.Instead of having $14 million left in the consolidated fund on June 30 as predicted in the Government’s original 2008-09 Budget, excessive government spending saw the fund $11 million in the red.
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