Ms LEE - 2013-12-03
Is it true that the Northern Territory continues to lead the nation in economic growth?
ANSWER
Madam Speaker, I thank the member for Arnhem for her question. The member for Arnhem is clearly very interested in the economic position of the Northern Territory. She understands the value of jobs and economic growth right across the Northern Territory.
I am happy to inform this House that last financial year the Northern Territory economy grew by 5.6%. That is the highest growth rate of all jurisdictions right across Australia. The average growth across Australia was just 2.6%. The power house states: New South Wales 1.8%, Victoria 1.6%, South Australia 1.3%, and in the Northern Territory 5.6% economic growth. Every other jurisdiction in Australia would give their eye teeth to see the economic growth occurring across the Northern Territory, but there are other economic indicators. Household consumption in the Territory grew by 6.2%, private investment in the Territory grew by a whopping 62.2%, the Territory’s trade surplus increased by 13.1% to $1.5bn and Territory exports increased by $900m, or 15.1%. Well done, member for Katherine, you are hitting the straps in your portfolio.
The Minister for Lands, Planning and the Environment and the Minister for Housing – on the construction front the Territory continues to set new records with the total value of construction work done in the Territory to September this year increasing by 46.9% to $5.6bn. That is the highest annual total on record. Private sector residential work increased by 19.3% to $583m …
Ms Fyles: Thanks to Labor’s work. What have you done? Nothing.
Mr TOLLNER: … to September 2013. I take the interjection from the member from Nightcliff because this is one area where the former government fell down. Everybody remembers the housing crisis we had in the Northern Territory, the accommodation crisis, and Labor would not respond. Both the Minister for Lands, Planning and the Environment and the Minister for Housing have responded. They are doing a great job. Approvals are up and all indicators across the board are showing the policies of the Giles Country Liberal government are working. The Territory economy is booming and we intend to keep it that way.
ANSWER
Madam Speaker, I thank the member for Arnhem for her question. The member for Arnhem is clearly very interested in the economic position of the Northern Territory. She understands the value of jobs and economic growth right across the Northern Territory.
I am happy to inform this House that last financial year the Northern Territory economy grew by 5.6%. That is the highest growth rate of all jurisdictions right across Australia. The average growth across Australia was just 2.6%. The power house states: New South Wales 1.8%, Victoria 1.6%, South Australia 1.3%, and in the Northern Territory 5.6% economic growth. Every other jurisdiction in Australia would give their eye teeth to see the economic growth occurring across the Northern Territory, but there are other economic indicators. Household consumption in the Territory grew by 6.2%, private investment in the Territory grew by a whopping 62.2%, the Territory’s trade surplus increased by 13.1% to $1.5bn and Territory exports increased by $900m, or 15.1%. Well done, member for Katherine, you are hitting the straps in your portfolio.
The Minister for Lands, Planning and the Environment and the Minister for Housing – on the construction front the Territory continues to set new records with the total value of construction work done in the Territory to September this year increasing by 46.9% to $5.6bn. That is the highest annual total on record. Private sector residential work increased by 19.3% to $583m …
Ms Fyles: Thanks to Labor’s work. What have you done? Nothing.
Mr TOLLNER: … to September 2013. I take the interjection from the member from Nightcliff because this is one area where the former government fell down. Everybody remembers the housing crisis we had in the Northern Territory, the accommodation crisis, and Labor would not respond. Both the Minister for Lands, Planning and the Environment and the Minister for Housing have responded. They are doing a great job. Approvals are up and all indicators across the board are showing the policies of the Giles Country Liberal government are working. The Territory economy is booming and we intend to keep it that way.
Last updated: 09 Aug 2016