❓ Mr. Nalder asks the Treasurer for details on State Final Demand for 2019-20 and the financial impact of recent budget announcements. The Treasurer responds by stating the information will be available in upcoming reports and acknowledges the economic uncertainty due to COVID-19 and border challenges.
AnsweredQoN 531Legislative Assembly
QuestionView source ↗
STATE FINAL DEMAND
531. Mr D.C. NALDER to the Treasurer:
Given the Treasurer's
government has announced $5.5 billion dollars in budget announcements and given
it has been almost a month and a half since the end of the financial year, I ask
whether the Treasurer could provide his expected
financial impact this year and whether he could outline to the house the state
final demand for the 2019–20 financial year, the key economic
measure for the domestic economy?
531. Mr D.C. NALDER to the Treasurer:
Given the Treasurer's
government has announced $5.5 billion dollars in budget announcements and given
it has been almost a month and a half since the end of the financial year, I ask
whether the Treasurer could provide his expected
financial impact this year and whether he could outline to the house the state
final demand for the 2019–20 financial year, the key economic
measure for the domestic economy?
AnswerView source ↗
The Annual Report on State Finances is required under the Financial
Management Act to be tabled in the Parliament by the end of September
and it will be. It will outline the end result of the 2019–20 year. The
budget, of course, is on 8 October and will outline what we expect the 2020–21
year to be and, very shortly, the state final demand figures for the June
quarter will become available. I want to make a couple of points about that.
When I provided an update to the Parliament just before we rose for the winter
recess, I outlined what the Treasury expected the economic impacts of the coronavirus to be on the state's
economy. At this point, I am hoping it will not be as s evere as I outlined
to the Parliament six or seven weeks ago, but, of course, that is subject to no
further outbreak of the coronavirus or Mr Palmer being successful in his border
challenge. But there are two very important documents coming out at the end of
September and early October that the opposition can no doubt peruse.
Management Act to be tabled in the Parliament by the end of September
and it will be. It will outline the end result of the 2019–20 year. The
budget, of course, is on 8 October and will outline what we expect the 2020–21
year to be and, very shortly, the state final demand figures for the June
quarter will become available. I want to make a couple of points about that.
When I provided an update to the Parliament just before we rose for the winter
recess, I outlined what the Treasury expected the economic impacts of the coronavirus to be on the state's
economy. At this point, I am hoping it will not be as s evere as I outlined
to the Parliament six or seven weeks ago, but, of course, that is subject to no
further outbreak of the coronavirus or Mr Palmer being successful in his border
challenge. But there are two very important documents coming out at the end of
September and early October that the opposition can no doubt peruse.
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