The Liberal Government’s long-term Plan is all about growing the economy and creating jobs.
Today’s ABS figures show that since the election our economy is growing again and businesses are driving that growth.
State final demand figures show that since the election, the government sector has tightened its belt, while private investment has increased dramatically. The figures indicate that areas like household consumption, dwelling investment and business investment are behind the increase and show that the surge in economic confidence since the March election is well founded.
The figures show a 0.2 per cent increase in state final demand in the three months to September and a 1.3 per cent increase compared with the same time last year, which is above the national average. It is notable that private investment was up 1.6 per cent in the quarter, which is a strong signal for the economy.
Since the election, around 3,000 jobs have been created, retail sales are at record highs and building approvals are up.
Our Plan includes payroll tax relief on new jobs, incentives for small business to employ more people, extending the first home builders boost and supporting Tasmania’s tourism industry to create jobs.
While there’s still a lot of work to be done, this shows that the Liberals’ long-term Plan is having an impact.
Peter Gutwein, Treasurer
