❓ Opposition questions Premier about WA economic growth forecasts, citing conflicting figures from the Chamber of Commerce and Industry. Premier defends the budget forecast and accuses the Opposition of negativity.
AnsweredQoN 478Legislative Assembly
QuestionView source ↗
BUDGET PAPER NO 3, WA ECONOMY 478. Mr BARRON-SULLIVAN to the Premier: I refer the Premier to budget paper No 3, which states that the Western Australian economy is forecast to grow by four per cent in 2001-02. In the light of the announcement today by the Chamber of Commerce and Industry of Western Australia that it has more than halved its growth forecast for the coming financial year to just two per cent - (1) Will the Premier now admit that his budget is based on a grossly optimistic growth forecast? (2) Will he also admit that jobs in this State and the AAA credit rating are now under serious threat? Dr GALLOP
AnswerView source ↗
(1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
BUDGET PAPER NO 3, WA ECONOMY
I refer the Premier to budget paper No 3, which states that the Western Australian economy is forecast to grow by four per cent in 2001-02. In the light of the announcement today by the Chamber of Commerce and Industry of Western Australia that it has more than halved its growth forecast for the coming financial year to just two per cent - (1) Will the Premier now admit that his budget is based on a grossly optimistic growth forecast? (2) Will he also admit that jobs in this State and the AAA credit rating are now under serious threat? Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
(1) Will the Premier now admit that his budget is based on a grossly optimistic growth forecast? (2) Will he also admit that jobs in this State and the AAA credit rating are now under serious threat? Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
(2) Will he also admit that jobs in this State and the AAA credit rating are now under serious threat? Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
(1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
BUDGET PAPER NO 3, WA ECONOMY
I refer the Premier to budget paper No 3, which states that the Western Australian economy is forecast to grow by four per cent in 2001-02. In the light of the announcement today by the Chamber of Commerce and Industry of Western Australia that it has more than halved its growth forecast for the coming financial year to just two per cent - (1) Will the Premier now admit that his budget is based on a grossly optimistic growth forecast? (2) Will he also admit that jobs in this State and the AAA credit rating are now under serious threat? Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
(1) Will the Premier now admit that his budget is based on a grossly optimistic growth forecast? (2) Will he also admit that jobs in this State and the AAA credit rating are now under serious threat? Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
(2) Will he also admit that jobs in this State and the AAA credit rating are now under serious threat? Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
Dr GALLOP replied: (1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
(1)-(2) The interesting thing about that question was the way it was delivered. The Opposition is positively salivating at the fact that someone has come out with a forecast of lower rates of growth in Western Australia. That is exactly where the Opposition is these days. I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
I will go through it point by point. When the Government brought out its estimates of economic growth in Western Australia in the budget, they were similar to the forecasts that had been brought out by many agencies, both government and non-government, throughout Australia. As the Deputy Leader of the Opposition should know, at the end of this year the Government will bring out its midyear review, and there will be a further assessment of Western Australia’s position in that. The Access Economics report has been released, and it states that Western Australia can expect 3.6 per cent growth this year and 4.9 per cent next year. Now the Chamber of Commerce and Industry of Western Australia has said that its growth forecast for this year is 2.2 per cent. Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
Mr Board: Do you agree with that figure? Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
Dr GALLOP: The Government will bring together its position on these issues in the documents that come out through the Department of Treasury and Finance. This Opposition is positively salivating at the fact that there are economic difficulties in the world market. The Government is trying to do something about ensuring that there are jobs in this State. Negative, negative, negative; knock, knock, knock - that is the definition of the Opposition. On this side of the Chamber, we are busy going about the process of creating new infrastructure to create new jobs for our State. The forecast will be revealed when Treasury does the job that it does every year, halfway through the year. It will assess the situation, and then the Government will give a report to the people of Western Australia.
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