Ms WALKER - 2010-05-04
Can the Treasurer update the House on the key features of Budget 2010-11?
ANSWER
Madam Speaker, I welcome the question from the member from Nhulunbuy. I believe she understands better than members opposite just how important the government direction of spending is for Territorians across the Territory. Yes, we are focused on delivering now for families; importantly, we are investing in the future of our Territory with better hospitals, better schools, and more housing.
It will drive our economy, in terms of economic growth, with the lowest-taxing regime in Australia for small and medium size enterprises and that record infrastructure spend.
Importantly, it cuts taxes for homebuyers. A first homebuyer will now save up to $26 700. Senior Territorians, veterans, pensioners and carers have an opportunity to save up to $8500 on a new innovation coming through, and Homestart is expanding to help our low-income buyers enter the all-important housing marketplace.
There is a $980m record spend across portfolios in A Working Future across the board; $725m in housing, including fast-track land release, and some 336 new public housing dwellings within the record housing spend. Record health, education and police budgets all deliver now for families. That $1.8bn record infrastructure cash spend will support some 3600 jobs and invest in the future of our Territory.
Budget 2010-11 keeps our Territory the lowest-taxing jurisdiction for small and medium businesses. It forecasts that our economy will rebound strongly from the global financial crisis; it is tight, but it is focused. We have gone into deficit to fund the record infrastructure budget to protect jobs. It is now for families and it invests in our future.
ANSWER
Madam Speaker, I welcome the question from the member from Nhulunbuy. I believe she understands better than members opposite just how important the government direction of spending is for Territorians across the Territory. Yes, we are focused on delivering now for families; importantly, we are investing in the future of our Territory with better hospitals, better schools, and more housing.
It will drive our economy, in terms of economic growth, with the lowest-taxing regime in Australia for small and medium size enterprises and that record infrastructure spend.
Importantly, it cuts taxes for homebuyers. A first homebuyer will now save up to $26 700. Senior Territorians, veterans, pensioners and carers have an opportunity to save up to $8500 on a new innovation coming through, and Homestart is expanding to help our low-income buyers enter the all-important housing marketplace.
There is a $980m record spend across portfolios in A Working Future across the board; $725m in housing, including fast-track land release, and some 336 new public housing dwellings within the record housing spend. Record health, education and police budgets all deliver now for families. That $1.8bn record infrastructure cash spend will support some 3600 jobs and invest in the future of our Territory.
Budget 2010-11 keeps our Territory the lowest-taxing jurisdiction for small and medium businesses. It forecasts that our economy will rebound strongly from the global financial crisis; it is tight, but it is focused. We have gone into deficit to fund the record infrastructure budget to protect jobs. It is now for families and it invests in our future.
Last updated: 09 Aug 2016