PROGRESS 2050: Toward a prosperous future for all Australians
The annual State of the State event in Hobart has revealed that Tasmania is hungry for economic reform and growth in the private sector.
30/11/2011
This year's annual State of the State event in Hobart revealed that Tasmania is hungry for economic reform and growth in the private sector.
Four key business leaders presented at the event including Hydro Tasmania, Chief Executive Officer, Roy Adair, COSMOS Inc, Chief Executive Officer, Catherine Viney, MyState Limited, Managing Director, John Gilbert and Ruralco Limited, Chief Financial Officer, Fergus Leicester.
Each spoke of the current and upcoming challenges and opportunities for Tasmania. These included the need to:
Premier Lara Giddings
Tasmania's Premier Lara Giddings followed these discussions with a presentation on the economic position and future of Tasmania.
Ms Giddings said that Tasmania had fared well during the GFC and the export market had remained resilient.
She said in 2008-9 to 2009-10 there was a reduction in business investment, but this has been rectified in 2009-10 top 2010-11.
However, Ms Gidding said that with Tasmania taking a further hit from GST receipts, a growing population and the wind-up of stimulus spending, Tasmania did not have the luxury of treading water until things improve.
If we do not address this Budget challenge, not only will we plunge into net debt, but we will also stifle the innovation and hard work of businesses working to create jobs and grow the economy," she said.
Ms Giddings outlined Tasmania's Economic Development Plan With the purpose of improving the prosperity of all Tasmanians through economic development which is socially and environmentally sustainable. The four goals to achieve this include:
Ms Giddings also said that strong private investment is needed in Tasmania, as government consumption cannot maintain its growth. With the current international fiscal situation, any government would be irresponsible to take or increase deficits to fund consumption.
Federal Treasurer Jim Chalmers took to the CEDA stage once again at its annual pre-budget address to outline the short-term economic outlook and his priorities for the upcoming budget.
Read more Economy June 25, 2018Australia can have economic growth without giving up on its notion of fairness for all, Federal Opposition Leader the Hon. Bill Shorten said at CEDA’s State of the Nation conference in Canberra today.
Read more Economy July 12, 2011Hard questions about Australia’s current economic growth, the patchwork in place and the historical illusions of previous sector booms were key topics discussed at a recent CEDA forum in Melbourne. By Dominique Goodwin.
Read more