❓ Mrs. Harvey asks the Premier when the government will outline its economic recovery plan and capital works program. The Premier responds by highlighting existing efforts and future planning, emphasizing the state's strong financial position.
AnsweredQoN 236Legislative Assembly
QuestionView source ↗
STATE ECONOMY —
RECOVERY
236. Mrs L.M. HARVEY to the Premier:
I have a supplementary question.
When will the Premier be outlining the government's economic recovery
plan and new capital works program so that businesses can conduct proper
strategic and critical business planning?
RECOVERY
236. Mrs L.M. HARVEY to the Premier:
I have a supplementary question.
When will the Premier be outlining the government's economic recovery
plan and new capital works program so that businesses can conduct proper
strategic and critical business planning?
AnswerView source ↗
I do not really understand the
question. As I outlined, the government's capital works program
continues and building and construction continues. Everything we have done has
been to ensure that we can proceed with those projects with commonwealth
government approval as much as possible. Everything we can do in terms of
planning reform and cutting through some local government rules to allow private
sector investors to get their approvals or keep their approvals has been done.
The government's revenue will take a very significant hit. It is very
fortunate that over the last three years we have put such effort into
recovering the state's finances and in effect turned a $2.5 billion
deficit into a $2.5 billion surplus. Had that not occurred, our capacity to
fund important health initiatives and important stimulus initiatives, which we
put in place in light of the decline in revenue, would have been very
difficult. Because of those initiatives we put in place, our position to get
the finances back on track is far better than some of the other states. That
allows us to fund the stimulus measures we have put in place, appropriately
fund the health system, as we have done with significant injections of money,
and also have capacity, when it comes time to
reboot the economy, to support that. That is the model we are looking at.
Obviously, we are five or six weeks into this process. This will go on
for a long time. Measures, sometimes draconian, to deal with the COVID-19 crisis will continue for at least six months, as we have said. Over that
period, the recovery coordinator will plan for recovery. On a monthly basis, we
will look at what tweaks or easing of restrictions we can put in place within
the borders, but I am pretty confident that at the expiry of six months there
will still be interstate borders in place to best protect our state.
question. As I outlined, the government's capital works program
continues and building and construction continues. Everything we have done has
been to ensure that we can proceed with those projects with commonwealth
government approval as much as possible. Everything we can do in terms of
planning reform and cutting through some local government rules to allow private
sector investors to get their approvals or keep their approvals has been done.
The government's revenue will take a very significant hit. It is very
fortunate that over the last three years we have put such effort into
recovering the state's finances and in effect turned a $2.5 billion
deficit into a $2.5 billion surplus. Had that not occurred, our capacity to
fund important health initiatives and important stimulus initiatives, which we
put in place in light of the decline in revenue, would have been very
difficult. Because of those initiatives we put in place, our position to get
the finances back on track is far better than some of the other states. That
allows us to fund the stimulus measures we have put in place, appropriately
fund the health system, as we have done with significant injections of money,
and also have capacity, when it comes time to
reboot the economy, to support that. That is the model we are looking at.
Obviously, we are five or six weeks into this process. This will go on
for a long time. Measures, sometimes draconian, to deal with the COVID-19 crisis will continue for at least six months, as we have said. Over that
period, the recovery coordinator will plan for recovery. On a monthly basis, we
will look at what tweaks or easing of restrictions we can put in place within
the borders, but I am pretty confident that at the expiry of six months there
will still be interstate borders in place to best protect our state.
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