The latest
financial update from the ABS is further proof this decade-old Liberal
Government has lost its way and dropped the ball on the economy.
ABS State Final
Demand figures show Tasmania has by far the weakest annual growth in the
nation, at 1.1 per cent, one third of the 3.3 per cent national average.
The next lowest
state or territory is Queensland, which despite lagging behind the rest of the
nation, still experienced more than double the growth of Tasmania.
Private
investment is down, which is a stark reflection of the impact the Liberals’
broken promise to exit the National Electricity Market has had on Tasmania’s
businesses.
Tasmania is
facing significant economic headwinds, rising interest rates, record deficits
and record debt heading past five billion dollars.
Thanks to Tasmania’s busted budget and this Government’s mismanagement of the economy, Michael Ferguson hasn’t got any levers to pull to make things better.
Shane
Broad MP
Shadow
Treasurer
