Today's quarterly Investment Monitor from Deloitte Access Economics is another indictment of the former Labor government's economic management.
The report shows investment in the 12 months to June 2014 was down 21 per cent on the previous year. The report also notes there was little change in commercial construction.
The Liberal government has acted decisively to address the budget and economic mess left behind by the former Labor-Green Government.
We have moved to lay the foundations for a better future by supporting infrastructure spending.
We have already secured key investment projects such as the Myer redevelopment, which will revitalise the Hobart CBD.
We have committed funding to key infrastructure projects, including the Solis Louisville Golf Course and Musselroe Bay Eco-tourism Development to create jobs and grow the economy.
Our policies have facilitated developments such as the Macquarie Shed No 1 Hotel while our commitment to cut red and green tape through the building regulations review will support the $2 billion construction industry.
While Labor and the Greens talked a lot about investments, they never happened. The Liberal Government will deliver investment and jobs for Tasmania.
Projects that are underway:
In addition, we are opening up National Parks and World Heritage Areas for sensible, sustainable development. We have also implemented a water and sewerage headworks holiday and we are fixing the planning system so it is fairer, faster, simpler and cheaper as well as reviewing the building laws to cut red and green tape.
Labor failed Tasmanians and failed to grow the economy. Confidence is now growing under the Liberal Government and that will be reinforced with the budget where we will keep our promises, fix the budget mess and lay the foundations for the future for the benefit of all Tasmanians.