The Hodgman Liberal Government has a Plan for Tasmania, and we have been working hard since coming to Office three and a half years ago to strengthen the State’s economy and create jobs.
Westpac’s Coast-to-Coast September 2017 report states that the Tasmanian economy has ‘moved up a gear’.
With the Budget back in balance and delivering a surplus for the first time in 7 years, we have been able to reinvest into the important areas of health and education.
Business confidence and investment have returned, and retail trade continues to break records.
State demand grew by an above trend 3.2 per cent in the year to June 2017, improving on the 2.4 per cent achieved in 2016.
Business investment rose an astounding 13.2 per cent over the year, and is attributed to improved business confidence supported by the Liberal Government’s long term plan.
Home building is also strong with dwelling approvals up by 9.7% in the year to July 2017.
Importantly consumer confidence has also returned, and private activity is expected to increasingly drive growth in 2017/18.
The report is available here: https://westpaciq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2017/September/WestpacCoasttoCoastSeptember2017.pdf