The Premier provides an update on the WA economy, citing a positive forecast from Access Economics and outlining the government's plans for infrastructure, investment, and job creation. The response also includes political commentary regarding the opposition and federal government.

AnsweredQoN 33Legislative Assembly
Asked
5 April 2005
Portfolio
Premier

QuestionView source ↗

Can the Premier update the house on the latest forecast of the Western Australian economy? Dr G.I. GALLOP

AnswerView source ↗

Yesterday, Access Economics released its latest five-year business outlook. The report shows that Western Australia remains the powerhouse of the national economy. Access Economics forecasts that the Western Australian economy will have grown by 7.5 per cent in 2003-04 and will grow by 3.9 per cent in 2004-05. These forecasts remain higher than those for all other states and the nation. According to Access Economics Pty Ltd, Western Australia has the best outlook of all the states for the five years from 2005 to 2009. Therefore, Access Economics examined all the policy settings of my government and all the commitments that have been made by the private sector, and reached the conclusion that Western Australia has the best outlook of all the states for the next five years. My note of Access Economics quote is - Western Australia is still batting well above average, and it looks likely to continue to do so over the longer term. Access says that the outlook for business investment in Western Australia is very strong. My note continues - Western Australia’s business investment to output ratio resembles that of the Asian Tigers more than it does the rest of Australia. My note of the report states - Investment is sustainable at strong growth rates for the next couple of decades. What we, as a state government and as a state Parliament, must do is ensure that we put in place capital works to provide the infrastructure that is needed for the future of Western Australia, provide the legal framework that allows for investment to occur in an orderly and efficient way and, of course, promote the state of Western Australia. Promoting the state of Western Australia is something with which the opposition has a great deal of difficulty because the Liberals in Western Australia think that they were born to rule and that there is something wrong if they are not in government. Mr D.F. Barron-Sullivan : No we don’t. Dr G.I. GALLOP : I am sorry, the Liberals were not born to rule. Those people who govern this state do so on the votes of the people. Until members on that side of the house understand that, they will stay on that side of the house. When we consider the threats that may exist to growth in Western Australia, one of them, of course, is the policies of the federal government on the federal system. We will determine our priorities in this state according to our needs, be they tax priorities or otherwise. We in Western Australia have a tax reform agenda and we will pursue it. We will not pursue Mr Costello’s agenda. We will pursue the Western Australian people’s agenda, and we hope that the opposition will support us in that task so that we can promote the growth of Western Australia. My government is committed to providing new jobs and opportunities for Western Australians. We will make sure that the growth that exists in this state is reflected in jobs for Western Australians. We will do that through our education and training initiatives, research and development initiatives and general promotion of the state of Western Australia. This is a great state; it is growing strongly and we will keep it that way into the future.
Dr G.I. GALLOP replied: Yesterday, Access Economics released its latest five-year business outlook. The report shows that Western Australia remains the powerhouse of the national economy. Access Economics forecasts that the Western Australian economy will have grown by 7.5 per cent in 2003-04 and will grow by 3.9 per cent in 2004-05. These forecasts remain higher than those for all other states and the nation. According to Access Economics Pty Ltd, Western Australia has the best outlook of all the states for the five years from 2005 to 2009. Therefore, Access Economics examined all the policy settings of my government and all the commitments that have been made by the private sector, and reached the conclusion that Western Australia has the best outlook of all the states for the next five years. My note of Access Economics quote is - Western Australia is still batting well above average, and it looks likely to continue to do so over the longer term. Access says that the outlook for business investment in Western Australia is very strong. My note continues - Western Australia’s business investment to output ratio resembles that of the Asian Tigers more than it does the rest of Australia. My note of the report states - Investment is sustainable at strong growth rates for the next couple of decades. What we, as a state government and as a state Parliament, must do is ensure that we put in place capital works to provide the infrastructure that is needed for the future of Western Australia, provide the legal framework that allows for investment to occur in an orderly and efficient way and, of course, promote the state of Western Australia. Promoting the state of Western Australia is something with which the opposition has a great deal of difficulty because the Liberals in Western Australia think that they were born to rule and that there is something wrong if they are not in government. Mr D.F. Barron-Sullivan : No we don’t. Dr G.I. GALLOP : I am sorry, the Liberals were not born to rule. Those people who govern this state do so on the votes of the people. Until members on that side of the house understand that, they will stay on that side of the house. When we consider the threats that may exist to growth in Western Australia, one of them, of course, is the policies of the federal government on the federal system. We will determine our priorities in this state according to our needs, be they tax priorities or otherwise. We in Western Australia have a tax reform agenda and we will pursue it. We will not pursue Mr Costello’s agenda. We will pursue the Western Australian people’s agenda, and we hope that the opposition will support us in that task so that we can promote the growth of Western Australia. My government is committed to providing new jobs and opportunities for Western Australians. We will make sure that the growth that exists in this state is reflected in jobs for Western Australians. We will do that through our education and training initiatives, research and development initiatives and general promotion of the state of Western Australia. This is a great state; it is growing strongly and we will keep it that way into the future.
Yesterday, Access Economics released its latest five-year business outlook. The report shows that Western Australia remains the powerhouse of the national economy. Access Economics forecasts that the Western Australian economy will have grown by 7.5 per cent in 2003-04 and will grow by 3.9 per cent in 2004-05. These forecasts remain higher than those for all other states and the nation. According to Access Economics Pty Ltd, Western Australia has the best outlook of all the states for the five years from 2005 to 2009. Therefore, Access Economics examined all the policy settings of my government and all the commitments that have been made by the private sector, and reached the conclusion that Western Australia has the best outlook of all the states for the next five years. My note of Access Economics quote is - Western Australia is still batting well above average, and it looks likely to continue to do so over the longer term. Access says that the outlook for business investment in Western Australia is very strong. My note continues - Western Australia’s business investment to output ratio resembles that of the Asian Tigers more than it does the rest of Australia. My note of the report states - Investment is sustainable at strong growth rates for the next couple of decades. What we, as a state government and as a state Parliament, must do is ensure that we put in place capital works to provide the infrastructure that is needed for the future of Western Australia, provide the legal framework that allows for investment to occur in an orderly and efficient way and, of course, promote the state of Western Australia. Promoting the state of Western Australia is something with which the opposition has a great deal of difficulty because the Liberals in Western Australia think that they were born to rule and that there is something wrong if they are not in government. Mr D.F. Barron-Sullivan : No we don’t. Dr G.I. GALLOP : I am sorry, the Liberals were not born to rule. Those people who govern this state do so on the votes of the people. Until members on that side of the house understand that, they will stay on that side of the house. When we consider the threats that may exist to growth in Western Australia, one of them, of course, is the policies of the federal government on the federal system. We will determine our priorities in this state according to our needs, be they tax priorities or otherwise. We in Western Australia have a tax reform agenda and we will pursue it. We will not pursue Mr Costello’s agenda. We will pursue the Western Australian people’s agenda, and we hope that the opposition will support us in that task so that we can promote the growth of Western Australia. My government is committed to providing new jobs and opportunities for Western Australians. We will make sure that the growth that exists in this state is reflected in jobs for Western Australians. We will do that through our education and training initiatives, research and development initiatives and general promotion of the state of Western Australia. This is a great state; it is growing strongly and we will keep it that way into the future.
Mr D.F. Barron-Sullivan : No we don’t. Dr G.I. GALLOP : I am sorry, the Liberals were not born to rule. Those people who govern this state do so on the votes of the people. Until members on that side of the house understand that, they will stay on that side of the house. When we consider the threats that may exist to growth in Western Australia, one of them, of course, is the policies of the federal government on the federal system. We will determine our priorities in this state according to our needs, be they tax priorities or otherwise. We in Western Australia have a tax reform agenda and we will pursue it. We will not pursue Mr Costello’s agenda. We will pursue the Western Australian people’s agenda, and we hope that the opposition will support us in that task so that we can promote the growth of Western Australia. My government is committed to providing new jobs and opportunities for Western Australians. We will make sure that the growth that exists in this state is reflected in jobs for Western Australians. We will do that through our education and training initiatives, research and development initiatives and general promotion of the state of Western Australia. This is a great state; it is growing strongly and we will keep it that way into the future.
Dr G.I. GALLOP : I am sorry, the Liberals were not born to rule. Those people who govern this state do so on the votes of the people. Until members on that side of the house understand that, they will stay on that side of the house. When we consider the threats that may exist to growth in Western Australia, one of them, of course, is the policies of the federal government on the federal system. We will determine our priorities in this state according to our needs, be they tax priorities or otherwise. We in Western Australia have a tax reform agenda and we will pursue it. We will not pursue Mr Costello’s agenda. We will pursue the Western Australian people’s agenda, and we hope that the opposition will support us in that task so that we can promote the growth of Western Australia. My government is committed to providing new jobs and opportunities for Western Australians. We will make sure that the growth that exists in this state is reflected in jobs for Western Australians. We will do that through our education and training initiatives, research and development initiatives and general promotion of the state of Western Australia. This is a great state; it is growing strongly and we will keep it that way into the future.
When we consider the threats that may exist to growth in Western Australia, one of them, of course, is the policies of the federal government on the federal system. We will determine our priorities in this state according to our needs, be they tax priorities or otherwise. We in Western Australia have a tax reform agenda and we will pursue it. We will not pursue Mr Costello’s agenda. We will pursue the Western Australian people’s agenda, and we hope that the opposition will support us in that task so that we can promote the growth of Western Australia. My government is committed to providing new jobs and opportunities for Western Australians. We will make sure that the growth that exists in this state is reflected in jobs for Western Australians. We will do that through our education and training initiatives, research and development initiatives and general promotion of the state of Western Australia. This is a great state; it is growing strongly and we will keep it that way into the future.
My government is committed to providing new jobs and opportunities for Western Australians. We will make sure that the growth that exists in this state is reflected in jobs for Western Australians. We will do that through our education and training initiatives, research and development initiatives and general promotion of the state of Western Australia. This is a great state; it is growing strongly and we will keep it that way into the future.

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