|
An independent report has ranked NSW as the worst state or territory when assessed on its performance over the past decade, Shadow Treasurer Mike Baird today.
“NSW taxpayers would not be surprised that this report confirms NSW is the worst performing of all states and territories over the past 10 years,” Mr Baird said.
“Families and businesses across the state are suffering from a decade of mismanagement – NSW is ready for change and change for the better is possible.”
Mr Baird said the CommSec study Economics: State of the States assessed the performance of all state and territories across eight key indicators* over the past decade.
“When assessed on its economic growth, home building starts and construction work over the past 10 years – NSW is the worst performing of all states and territories,” he said.
“While the Rees Labor Government is quick to highlight small turnarounds in individual statistics, this whole of economy report confirms NSW is limping out of recession.”
According to the report, the NSW economy has been “held back by weak construction activity”, with home building starts over the last financial year falling to the lowest levels in 56 years.
“NSW is the weakest on construction activity, with the report showing construction work in NSW has actually gone backwards over the past two quarters.
“The NSW Liberals & Nationals are again calling on the Rees Labor Government to implement our positive, practical plans to restore the State’s economy.
“Cutting payroll tax by 15% for this financial year – with an added 5% cut for areas of high unemployment – would enable businesses to keep people in their jobs.
“Establishing Infrastructure NSW would restore business confidence by ensuring every infrastructure project that’s announced, is delivered.
“The NSW Liberals & Nationals have the plans to restore the state’s economy and bring hope and pride back to NSW,” Mr Baird said.
MEDIA: Lisa Harrington - 0406 726 880
* The eight key indicators were economic growth, retail spending, business investment, unemployment, construction work, population growth, housing finance and home building starts.
|
