Posted on 04. Oct, 2011 in News

The Labor Opposition has urged the Baillieu Government to get on with the job of growing Victoria after a new report revealed the state’s economy was slowing.

The report – Westpac Coast-to-Coast September 2011: An update on Australia’s state economies – shows that Victoria’s economy has lost momentum, with growth falling significantly in the second quarter of this year.

Victoria’s economy is facing a range of challenges including “ongoing consumer caution, the high Australian dollar, interest rates and slower population growth”.

Shadow Treasurer Tim Holding said the report highlighted why the Baillieu Government needed to get on with the job of creating jobs and growing the economy.

“We have been warning the Baillieu Government that without a plan to create jobs and build infrastructure, Victoria would start lagging behind other states,” Mr Holding said.

“It was no accident Victoria has been one of the country’s strongest performing states – it was because of strong planning and delivery by the former Labor Government.

“Unfortunately, in the past 10 months, the Baillieu Government has done nothing to ensure the growth of the past decade continues.

“While hundreds of jobs across the state have been lost this year, Victorians are still waiting for the Premier to outline his plan on how he will create jobs.

“This Government dithers while Victoria stalls.”

Mr Holding said the Government needed to focus on delivering, rather than reviewing, major projects to keep Victoria’s economy growing.

“Important infrastructure projects such as the $38 billion Victorian Transport Plan have been shelved as the Baillieu Government announces review after review.

“A review won’t provide jobs for Victorians and won’t stimulate the economy.

“It’s time for this Government to stop reviewing projects and start delivering for the state.”



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