New data from the Australian Bureau of Statistics shows the damage from 10 years of Liberal government, with business investment in Tasmania plummeting.
The figures show business investment has fallen 14.7 per cent over the past year – the biggest decline in the nation.
This is just the latest in a string of bad news for Tasmania’s economy.
Yesterday, Treasury changed its forecasts to show hundreds of job losses on the horizon.
And, after inheriting a state completely free of net debt, the Treasury report outlines that on a per capita basis Tasmania’s total government debt is now the second highest level of all states, with only Victoria higher.
That was on top of ABS data showing more than 3,000 jobs have been lost over the past year in Tasmania, and the recent closure of the Avebury Mine and the Betta plant in Burnie.
We also have the worst unemployment rate in the country, with youth unemployment at an alarming 15.6 per cent – also by far the worst in the country.
If the Liberals haven’t fixed it in 10 years, we cannot risk giving them 14 years.
It’s time for a better future under a Rebecca White Labor Government.
Shane Broad
Shadow Treasurer