❓ Dr. Honey questions the Premier about the state's economic growth, suggesting a decline due to government failures. The Premier refutes this, highlighting positive economic indicators and attributing fluctuations to the export market.
AnsweredQoN 872Legislative Assembly
QuestionView source ↗
STATE
ECONOMY — MANAGEMENT
872. Dr D.J. HONEY to the Premier:
I have a supplementary question.
Given the Premier's usual claim that high economic growth is due to
good governance, why does the Premier not also admit that falling growth is due
to the government's failures?
Several members interjected.
The SPEAKER : Order, please!
The Premier.
ECONOMY — MANAGEMENT
872. Dr D.J. HONEY to the Premier:
I have a supplementary question.
Given the Premier's usual claim that high economic growth is due to
good governance, why does the Premier not also admit that falling growth is due
to the government's failures?
Several members interjected.
The SPEAKER : Order, please!
The Premier.
AnswerView source ↗
The member for Cottesloe must be
the only person in Western Australia who does not think the Western Australian economy is growing. We know that the Western Australian
economy is growing faster and is stronger than any other state economy
in the nation. Western Australians know that when it comes to creating the jobs
of today and the jobs of the future, only a Western Australian Labor government
will deliver the outcomes they need. We saw business
investment grow by 11.8 per cent in 2023–24. Is that a sign of weakness
or recession? In 2023–24, household consumption grew by 2.7 per cent,
dwelling investment grew by six per cent and government investment grew by 17 per
cent. The situation is the exact opposite of what the member suggests. Yes, we
are impacted by the strengths of our export
market. Western Australia is an export-oriented, trade-focused state;
therefore, of course, we will always be impacted by fluctuations in our
export market. We are the strongest state when it comes to our economy. State
final demand is up by 5.8 per cent. That is the very definition of a growing
and strong economy.
The SPEAKER : Members, that
concludes question time.
the only person in Western Australia who does not think the Western Australian economy is growing. We know that the Western Australian
economy is growing faster and is stronger than any other state economy
in the nation. Western Australians know that when it comes to creating the jobs
of today and the jobs of the future, only a Western Australian Labor government
will deliver the outcomes they need. We saw business
investment grow by 11.8 per cent in 2023–24. Is that a sign of weakness
or recession? In 2023–24, household consumption grew by 2.7 per cent,
dwelling investment grew by six per cent and government investment grew by 17 per
cent. The situation is the exact opposite of what the member suggests. Yes, we
are impacted by the strengths of our export
market. Western Australia is an export-oriented, trade-focused state;
therefore, of course, we will always be impacted by fluctuations in our
export market. We are the strongest state when it comes to our economy. State
final demand is up by 5.8 per cent. That is the very definition of a growing
and strong economy.
The SPEAKER : Members, that
concludes question time.
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