Legislative Assembly for the ACT: 2017 Week 08 Hansard (Tuesday, 15 August 2017) . . Page.. 2703 ..
Waste Management and Resource Recovery Act—Waste Management and Resource Recovery Regulation 2017—Subordinate Law SL2017-20 (LR, 14 July 2017).
Leave of absence
Motion (by Mr Gentleman) agreed to:
That leave of absence be granted to Ms Burch for this sitting week for family reasons.
Appropriation Bill 2017-2018
Appropriation (Office of the Legislative Assembly) Bill 2017-2018
Estimates 2017-2018—Select Committee report
Estimates 2017-2018—Select Committee—government response]
Schedule 1—Appropriations—Proposed expenditure.
Chief Minister, Treasury and Economic Development Directorate—Part 1.5.
MR WALL (Brindabella) (4.04): I rise to speak to the budget line items relating to economic development, business and industrial relations—as well as, briefly, on tourism—which fall within the portfolio area that is Chief Minister, Treasury and Economic Development. This government is always very quick to put a positive spin on the state of our economy. Very rarely is there any acknowledgement of any shortcomings or any recognition that there is room for improvement.
During the estimates process Pegasus Economics was engaged to assist the select committee in its consideration and review of the 2017-18 budget and, in doing so, provided the committee with a review paper. This review indicated that the economic forecasts for 2017-18 and beyond were based on reasonable assumptions and trends. However, with respect to diversification the expert advice was quite scathing about the government’s own influence in diversifying the ACT economy. Section 2.6 of the Pegasus report states:
In the 2017-18 Budget the ACT Government (2017, p. 21) outlines its economic strategy to diversify the economy and claims that progress on diversifying the ACT has already been achieved:
Jobs growth is expected in a range of industries including construction, education and research, defence and intelligence, tourism, and sectors associated with household consumption. This is further evidence of the progress being made through the ACT Government’s efforts to diversify the Territory’s economy …