Mr GUNNER - 2010-05-04
Can you please update the House on how Budget 2010-11 delivers on our Growing the Territory strategy and drives the economy forward?
Mr Tollner interjecting.
ANSWER
Madam Speaker, I am listening to the guffaws of the member for Fong Lim. That is about as good as it gets for him.
Budget 2010-11 delivers now for families. It invests in the future.
Members interjecting.
Madam SPEAKER: Order! Member for Greatorex! Member for Fong Lim!
Ms LAWRIE: It invests in the future of the Northern Territory. We are growing the Territory. Budget 2010-11 forecasts that our economy will rebound strongly from the effects of the global financial crisis. We are not the only ones who forecast that. Access Economics has also forecast it. The Territory has emerged from the global financial crisis better than most economies. However, private sector investment remains below pre-global financial crisis levels. That is why our $1.8 bn record infrastructure spend cash is so important. The Rudd government stimulus and our infrastructure spend has saved jobs. We have had the lowest unemployment rate in the nation for the last six months …
Mr Elferink interjecting.
Ms LAWRIE: Budget 2010-11 – population growth figures; nett interstate migration.
Mr Elferink. interjecting.
Madam SPEAKER: Member for Port Darwin, cease interjecting!
Ms LAWRIE: Budget 2010-11 forecasts economic growth in 2010-11 at 3.6%. It forecasts jobs growth at 2.5%, and it forecasts inflation at 2.8% in 2009-10 and 3.1% in 2010-11. Our $1.8 bn infrastructure program will support some 3600 jobs. It invests in the Territory’s future with $725m for land release headworks and public housing construction. There is $437m for essential services; and $331m for roads. These infrastructure spends create jobs and they grow our Territory. Budget 2010-11 is financially responsible and it will drive our economy forward.
Mr Tollner interjecting.
ANSWER
Madam Speaker, I am listening to the guffaws of the member for Fong Lim. That is about as good as it gets for him.
Budget 2010-11 delivers now for families. It invests in the future.
Members interjecting.
Madam SPEAKER: Order! Member for Greatorex! Member for Fong Lim!
Ms LAWRIE: It invests in the future of the Northern Territory. We are growing the Territory. Budget 2010-11 forecasts that our economy will rebound strongly from the effects of the global financial crisis. We are not the only ones who forecast that. Access Economics has also forecast it. The Territory has emerged from the global financial crisis better than most economies. However, private sector investment remains below pre-global financial crisis levels. That is why our $1.8 bn record infrastructure spend cash is so important. The Rudd government stimulus and our infrastructure spend has saved jobs. We have had the lowest unemployment rate in the nation for the last six months …
Mr Elferink interjecting.
Ms LAWRIE: Budget 2010-11 – population growth figures; nett interstate migration.
Mr Elferink. interjecting.
Madam SPEAKER: Member for Port Darwin, cease interjecting!
Ms LAWRIE: Budget 2010-11 forecasts economic growth in 2010-11 at 3.6%. It forecasts jobs growth at 2.5%, and it forecasts inflation at 2.8% in 2009-10 and 3.1% in 2010-11. Our $1.8 bn infrastructure program will support some 3600 jobs. It invests in the Territory’s future with $725m for land release headworks and public housing construction. There is $437m for essential services; and $331m for roads. These infrastructure spends create jobs and they grow our Territory. Budget 2010-11 is financially responsible and it will drive our economy forward.
Last updated: 09 Aug 2016