❓ Premier Gallop reports strong economic growth in WA, attributing some credit to his government's initiatives while acknowledging the state's inherent strengths. The answer highlights key economic indicators and recent government decisions.
AnsweredQoN 1028Legislative Assembly
QuestionView source ↗
Will the Premier advise the House of the latest state final demand figures? Dr G.I. GALLOP
AnswerView source ↗
I am very pleased to report that Western Australia is once again leading the nation in economic performance. Last week the Australian Bureau of Statistics released figures that indicate that the Western Australian domestic economy grew by 3.7 per cent in the June quarter. That means, taking those domestic economy figures over the full year, that Western Australia has had a 7.7 per cent growth in its domestic economy. Mr M.F. Board: Are you going to claim credit for that? Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Dr G.I. GALLOP replied: I am very pleased to report that Western Australia is once again leading the nation in economic performance. Last week the Australian Bureau of Statistics released figures that indicate that the Western Australian domestic economy grew by 3.7 per cent in the June quarter. That means, taking those domestic economy figures over the full year, that Western Australia has had a 7.7 per cent growth in its domestic economy. Mr M.F. Board: Are you going to claim credit for that? Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
I am very pleased to report that Western Australia is once again leading the nation in economic performance. Last week the Australian Bureau of Statistics released figures that indicate that the Western Australian domestic economy grew by 3.7 per cent in the June quarter. That means, taking those domestic economy figures over the full year, that Western Australia has had a 7.7 per cent growth in its domestic economy. Mr M.F. Board: Are you going to claim credit for that? Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Mr M.F. Board: Are you going to claim credit for that? Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Dr G.I. GALLOP replied: I am very pleased to report that Western Australia is once again leading the nation in economic performance. Last week the Australian Bureau of Statistics released figures that indicate that the Western Australian domestic economy grew by 3.7 per cent in the June quarter. That means, taking those domestic economy figures over the full year, that Western Australia has had a 7.7 per cent growth in its domestic economy. Mr M.F. Board: Are you going to claim credit for that? Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
I am very pleased to report that Western Australia is once again leading the nation in economic performance. Last week the Australian Bureau of Statistics released figures that indicate that the Western Australian domestic economy grew by 3.7 per cent in the June quarter. That means, taking those domestic economy figures over the full year, that Western Australia has had a 7.7 per cent growth in its domestic economy. Mr M.F. Board: Are you going to claim credit for that? Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Mr M.F. Board: Are you going to claim credit for that? Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Dr G.I. GALLOP: Mr Speaker, I have been asked a question by the member for Murdoch. Part of the credit for that improvement is due to my Government. Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Mr M.F. Board: How do you figure that? Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Dr G.I. GALLOP: I refer the member to the program of infrastructure development that we have initiated. I refer the member to the excellent work being done by the Minister for State Development in facilitating a new development in the State. I refer the member to the initiatives we have taken to promote Western Australia in the global economy and the new markets we have created through our strategy to attract more airline services to Western Australia. Finally, I refer the member to our Government’s matter of fact and straightforward approach to the government of this State, which makes it a very good place to invest for those who want to come here. For those four reasons, members can see that our Government has been part of this success story. However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
However, the truth of the matter is that we live in a great State that has tremendous resources and very skilled people. I am pleased that under my Government it has had above-Treasury forecasts, it has had the highest growth of all the States and its performance is above the national average. However, it is particularly important to note an increase of 21.9 per cent in business investment in 2002-03. Business investment is the key indicator in Western Australia; its economy relies on exports and private sector investment to grow. An increase of 21.9 per cent in business investment in 2002-03 is an indicator of the attractiveness of Western Australia to investors. Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
Yesterday my Government gave in-principle approval to the excision of 1.3 per cent of Barrow Island for a gas processing facility. We believe that is a historic decision. It is certainly the biggest decision we have made, and probably the biggest decision we will make. I note also that Austal Ships Pty Ltd won the patrol boat contract with the Commonwealth Government, which again further emphasises the strength of our defence and shipbuilding industries. The parliamentary secretary, the member for Rockingham, and I as Premier have been personally promoting those industries not only in Australia but also overseas since we came to government. They are, therefore, very good figures. I congratulate everyone in Western Australia for the role they have played in creating those figures, because we want jobs and opportunities for Western Australians. We have set in place a positive framework for the development of this State, which is reflected in the very good performance of the economy.
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