Budget must lay out clear plan to grow the economy


Release Date: 8/11/2020
The CEO of the Tasmanian Chamber of Commerce and Industry, Michael Bailey, says that Thursday’s State budget needs to lay out a clear plan to grow the economy.
 
“We know the budget is going to show a significant deficit, but the only way to fix that is to get the economy growing again,” Mr Bailey said.
 
“A ‘business as usual’ approach this year simply won’t cut it.  We’re looking for Thursday’s budget to answer four key questions – how are we going to get cranes back in the sky, bring forward a steady pipeline of infrastructure investment, keep our skilled workers in the state and most importantly, create more jobs.
 
“We need an innovative vision that gives business the confidence to invest, grow and employ more Tasmanians.
 
“The State Government doesn’t have to do all of the heavy lifting, what they really need to do is facilitate a private sector-led recovery. 
 
“There are a number of options available to the State Government, such as acting on our calls to remove payroll tax while social distancing restrictions are in place.  We would also like to see the Government work with investors who have postponed projects to see the projects come to fruition sooner.  The State Government should also bring forward infrastructure projects from minor maintenance to major roadworks.
 
“This is by far the most important budget in a generation.  The business community is here to do the heavy lifting, we just need the Government to roll out the right plan so we can all work together.”
 




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