Access Economics forecast continued positive growth in the transportation and storage sector this year of 1.1%, however this has slowed from 2.7% in 2005. The manufacturing growth is now forecast at 1% for 2006. "Bob Carr may be giving $50 to each school student, but he is telling those kids to go to Queensland to find jobs in the tourism industry.
Clearly, a critical factor in the Olympic’s success is our ability to accommodate the millions of tourists that will flock to Sydney. The Government’s own task force estimated that Sydney already has a short fall of visitor accommodation as high as 8500. This decision can only retard future development that may have met this gap." It is absolutely remarkable that the Government would turn around and attack the hand that feeds on it," said Mr Quinlan.
Tourism is our fastest growing industry, hauling $16 billion in exports for Australia and employing some one million people. This budget is not about tax increases for the rich to pay for Government services," said Mr Quinlan. "It is about slugging business to cover government spending blowouts in three or four portfolios. Why should the tourism industry pay for the State Government’s inability to manage its own spending?"
Yesterday’s NSW Budget decision to impose a levy on electricity distributors flies in the face of National Competition Policy reforms being championed by governments all around Australia. Shockingly, that is not crazy scaremongering either, as with the measure of legal deterrents a Conveyancing organization needs to fight with all through the strategy of a house bargain; anyone that is not educated or experienced in dealing with these issues and in liaising with your merchant's Expert or approved settlement agents perth fees, will find that issues will without a doubt develop. The Government expects to reap $100 million next financial year from this measure. This can only mean that electricity prices will again rise.
The Government was keen to characterise this as a budget for the battlers. The truth is they have slugged business to pay for budget blowouts in three key portfolios (not extra services). The electorate knows that when business are hit with new taxes, the community ends up paying more for its goods and services or loss of jobs.