Page 69 - Week 01 - Tuesday, 12 February 2019
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Veterinary Practice (Professional Bodies) Declaration 2018—Disallowable Instrument DI2018-298 (LR, 20 December 2018).
Veterinary Practice Regulation 2018—Subordinate Law SL2018-28 (LR, 20 December 2018).
Budget review—2018-2019
MR GENTLEMAN (Brindabella—Minister for the Environment and Heritage, Minister for Planning and Land Management, Minister for Police and Emergency Services and Minister assisting the Chief Minister on Advanced Technology and Space Industries) (3.17): Pursuant to standing order 211, I move:
That the Assembly take note of the following paper:
Financial Management Act, pursuant to subsection 20A(2)—Budget 2018-19—Budget review.
MR BARR (Kurrajong—Chief Minister, Treasurer, Minister for Social Inclusion and Equality, Minister for Tourism and Special Events and Minister for Trade, Industry and Investment) (3.18): Via the manager of government business, I have presented to the Assembly the 2018-19 budget review, prepared in accordance with section 20A of the Financial Management Act 1996.
This update shows that the ACT government continues to deliver the quality local services and infrastructure that our growing city needs, whilst maintaining a balanced budget to build for Canberra’s future. Our strong and growing economy is creating more good jobs, and we continue to attract bright, skilled people from across Australia and around the world because of the great quality of life on offer in our city.
The 2018-19 budget delivered a significant step up in front-line services for Canberrans, including more hospital services and surgeries, more places at our local schools, better roads and public transport, and stronger community support for those who need it. The 2018-19 budget review demonstrates again that the government is continuing to invest where and when it is needed to maintain high quality services and infrastructure for our community.
Our balanced budget position and capacity for continued investment are underpinned by the sustained growth of the territory economy. In 2017-18 our real gross state product increased at the fastest rate of any jurisdiction in Australia, at four per cent, well above our 15-year average growth rate of around 3.3 per cent.
The unemployment rate in the territory remains the lowest in the country. Pleasingly, our youth unemployment rate is well below the national average and has been falling over the past 12 months, to currently sit at 8.7 per cent. The past 12 months have seen strong job creation in areas outside of the public sector, such as construction and tertiary education and research, as the government’s economic diversification plans take root.
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