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Jobs to Go, as NSW Government Starves Economy
Monday, 12 January 2009

 
With the unemployment rate set to rise on Thursday, the NSW Government must start acting to stimulate the economy to protect further job losses, Shadow Treasurer Mike Baird said today.

The Australian today reported promised Federal cuts could be brought forward a year as the Rudd Government considers options for a second emergency package to counter the worsening global economy*.

The unemployment rate is projected to increase from 4.4 to 6 per cent when the Australian Bureau of Statistics releases its December labour force data on Thursday.

“While every other government is introducing measures to boost the economy in the global downturn, the NSW Government is starving our economy when it needs every last breath,” Mr Baird said.

“The Rees Government has not only put a handbrake on the economy, it has both feet on the brake pedal.

“November’s Mini Budget slammed businesses and families across the State, further weakening the economy at the worst possible time.

“While the Federal Government has introduced a $10 billion stimulus package, the International Monetary Fund has said even more is needed.

“Now Wayne Swan is looking at bringing tax cuts forward to boost the economy, however Premier Rees is hiking up taxes.

“It’s likely the jobless rate will soar this week to levels not seen since the 1970s and families must brace themselves for more suffering.

“The NSW Government must start taking responsibility for the state of the economy and put some concrete measures in place to respond to the global financial crisis.

“The Premier needs to review the onerous tax measures put in the Mini Budget, including consideration of the timing of payroll tax cuts and fast tracking imminent infrastructure.”

During debate on the Mini Budget legislation last year, Mr Baird urged the Rees Government to “resuscitate our economy and prepare for what is to come”**.

“Every other government globally and Labor members' friends in Canberra are providing funding and introducing measures to stimulate the economy.

“However in this Mini Budget the Premier and Eric Roozendaal are swiping the money through charges even before it hits the bank,” Mr Baird told Parliament in December.

MEDIA: Lisa Harrington - 0406 726 880 

 

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Comments (3)
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NSW Govt
The Government needs to take two actions a) stimulate the economy looking at tax cuts for businesses, creating regional hubs that are sustainable and 
b) also looking at being able to fund stimuli with reducing its bloated workforce; too many bureaucrats that are unproductive and being funded by a dwindling revenue base. They need to lead and show that they are either capable of managing this State to a more productive, efficient and sustainable future or they should resign now and let someone else take the reins.
Posted by: steve bowhill at 13-01-2009 16:11
NSW Govt
I agree with the last comment, there are far too many bureaucrats that are sitting on their unproductive butts racking in undeserved revenue and giving nothing for it. The state government now seems to be giving with one hand and taking with another on taxes, we are in for another tough year and the last thing we all need is the Federal Government and the State Government not on the same page. The State Labour Government continues to get it very wrong so i think it is about time we got it very right with a change of guard.
Posted by: Debra Arena at 13-01-2009 16:45
loss of jobs
THE proposed support by Barry O'Farrell for the metro rail project to Parramatta and to North West, combined with the opposition to HIGH-RISE living or working MEANS LESS jobs in construction of the HIGH -RISE projects ...... 
So is MIKE BAIRD as shadow treasurer a person with a DIFFERENT viewpoint than the O'FARRELL viewpoint ........ 
So how is the shadow treasurer going to get a " sustainable -triple-bottom line " public transport SOLUTION + create jobs 
In " perth" the METRO train ( to mandurah ? ) cost $ 30 mill per km and in Sydney the metro costs $ 200 mill per km ( or more ? ) The inner west metro is costed by State govt at $ 4.8 bill .... 
SO WHAT is the Baird viewpoint ? SAME, same ..same ?
Posted by: warren at 15-01-2009 11:36