Ms WALKER - 2010-04-27
Can you update the House on the Access Economics forecast for the Northern Territory?
ANSWER
Madam Speaker, I thank the member for Nhulunbuy for this important question. This morning, Access Economics released their quarterly Business Outlook. The report points out that the Northern Territory took its share of bumps with the global financial crisis, however they certainly forecast that we will rebound strongly.
Over the next five years, our economic growth is forecast at an annual average of 3.5%, compared to the national average of 3.3%. The Territory has had the lowest unemployment in the country for the last six months. Importantly, Access has predicted that the Territory will have the strongest employment growth in the nation over the next five years.
Inflation is forecast to moderate across the country and, in the Territory, Access is predicting a five-year average inflation of 2.7%.
Economic growth does not come by accident. Our government will continue the strong financial management …
Members interjecting.
Madam SPEAKER: Order!
Ms LAWRIE: … to grow our economy.
Members interjecting.
Ms LAWRIE: Madam Speaker, I am used to the CLP simply trashing the Territory, but these are the facts.
Members interjecting.
Madam SPEAKER: Order!
Ms LAWRIE: This is Access Economics’ forecast for the Territory’s economic growth over five years.
Members interjecting.
Madam SPEAKER: Order!
Ms LAWRIE: I will give you the tip: I do not behave like the only Liberal Treasurer in the nation does, I will give you the tip.
Members interjecting.
Madam SPEAKER: Order! Honourable members, I remind you of Standing Order 51, No Interruption:
The Treasurer has the call.
Ms LAWRIE: In stark contrast, the CLP in government, a zero, flat-lining economy, certainly job losses. We know their form, and now we are seeing it come back to the fore with their housing policy which is not really a housing policy, even though it is called a housing policy, that would trash the budget to the tune of nearly $1bn, almost equal to the entire health budget. They are simply unbelievable. They want to be reckless with the budget, with a policy that is not really a policy, that has not really been costed - and I will wait for more. In stark contrast, our economy is growing from strength to strength under the Henderson Labor government.
ANSWER
Madam Speaker, I thank the member for Nhulunbuy for this important question. This morning, Access Economics released their quarterly Business Outlook. The report points out that the Northern Territory took its share of bumps with the global financial crisis, however they certainly forecast that we will rebound strongly.
Over the next five years, our economic growth is forecast at an annual average of 3.5%, compared to the national average of 3.3%. The Territory has had the lowest unemployment in the country for the last six months. Importantly, Access has predicted that the Territory will have the strongest employment growth in the nation over the next five years.
Inflation is forecast to moderate across the country and, in the Territory, Access is predicting a five-year average inflation of 2.7%.
Economic growth does not come by accident. Our government will continue the strong financial management …
Members interjecting.
Madam SPEAKER: Order!
Ms LAWRIE: … to grow our economy.
Members interjecting.
Ms LAWRIE: Madam Speaker, I am used to the CLP simply trashing the Territory, but these are the facts.
Members interjecting.
Madam SPEAKER: Order!
Ms LAWRIE: This is Access Economics’ forecast for the Territory’s economic growth over five years.
Members interjecting.
Madam SPEAKER: Order!
Ms LAWRIE: I will give you the tip: I do not behave like the only Liberal Treasurer in the nation does, I will give you the tip.
Members interjecting.
Madam SPEAKER: Order! Honourable members, I remind you of Standing Order 51, No Interruption:
- No Member may converse aloud or make any noise or disturbance, which in the opinion of the Speaker is designed to interrupt or has the effect of interrupting a Member speaking.
The Treasurer has the call.
Ms LAWRIE: In stark contrast, the CLP in government, a zero, flat-lining economy, certainly job losses. We know their form, and now we are seeing it come back to the fore with their housing policy which is not really a housing policy, even though it is called a housing policy, that would trash the budget to the tune of nearly $1bn, almost equal to the entire health budget. They are simply unbelievable. They want to be reckless with the budget, with a policy that is not really a policy, that has not really been costed - and I will wait for more. In stark contrast, our economy is growing from strength to strength under the Henderson Labor government.
Last updated: 09 Aug 2016