The latest damning report on the Tasmanian economy has forecast the state will experience the worst economic growth of all states this year.
But Treasurer Michael Ferguson continues to bury his head in the sand, ignoring clear warnings of significant economic storm clouds for Tasmania that were raised only three months ago.
Mr Ferguson is either ignoring the warning signs or is just incapable of seeing what Deloitte has today confirmed including that Tasmania’s economic growth would drop to two per cent on its GDP.
The report says private business investment will dramatically decrease.
As the Rockliff-Ferguson Government continues to drive Tasmania deeper into debt, Deloitte’s report once again highlights significant questions about the Liberal Government’s ability to deliver on key infrastructure promises.
With the surging cost of living and low-income growth across the state, Tasmania is also becoming less and less attractive for interstate migration, further fuelling the low population growth.
Mr Ferguson and his boss Jeremy Rockliff have dropped the ball on the economy.
After almost a decade in government, they are failing on the economic basics and all the while Mr Ferguson continues to claim bad news as good news.
Shane Broad MP
Shadow Treasurer
