Immediate stimulus needed to stave off jobs crisis

by Ted Sorensen
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LNP Leader Deb Frecklington today called on the Palaszczuk Labor Government to deliver much-needed economic stimulus as the coronavirus health crisis fast becomes a jobs crisis.

Ms Frecklington said thousands of people were losing their jobs today across Queensland while the Labor Government failed to deliver meaningful action on a significant economic stimulus package.

“Queensland had the worst unemployment rate in the nation before the coronavirus outbreak and thousands of jobs are now on the line,” Ms Frecklington said.

“This isn’t just a health crisis, it is a jobs crisis as well and Labor isn’t acting.

“The LNP has been calling for the freezing of car rego, water and electricity prices, fast-tracked funding for road upgrades and immediate payroll tax relief for around 15,000 businesses.

“Every day that passes without more economic stimulus from Jackie Trad and Annastacia Palaszczuk threatens to destroy jobs and businesses.

“From tradies to small business owners and farmers, Queenslanders are in desperate need of an economic booster shot.

“An immediate economic stimulus package must be delivered by Labor to save jobs, improve job security and help businesses keep their doors open.”

As a proportion of this financial year’s general government revenue, Labor is spending just 0.05% on Queensland’s coronavirus stimulus package. The measures announced by Annastacia Palaszczuk amounts to 1 per cent of the $2.3 billion assistant package provided by the New South Wales Government.

At $420 million, the Tasmanian government have committed more than 6.3% of their general government revenue to fighting the virus’ fallout while the South Australian government has committed $350 million – more than 1.6% of their general government revenue.

“Our state is more exposed to the impact of coronavirus than any other because Jackie Trad and Annastacia Palaszczuk can’t manage the economy,” Ms Frecklington said.

“While every other state has powered ahead with significant assistance packages, Queensland is missing out on much-needed stimulus under Labor.

“What the Palaszczuk Labor Government has delivered is five years of higher taxes, more debt and less jobs.

“Now more than ever, Queensland needs an LNP Government to build a stronger economy and secure jobs.”

State by state comparison – Economic Stimulus:
State – Stimulus package as proportion of budget
TAS 6.39%
NSW 2.73%
VIC 2.40%
ACT 2.38%
WA 1.86%
SA 1.67%
NT 1.03%
QLD 0.05%

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