Sandy Zubrinich, Sunshine Coast Business Council

Published: Comments:
Business & Economy Money & Finance Political Queensland Government Small Business

Social:   

Sunshine Coast Business Council Chair Sandy Zubrinich said that while the boost in infrastructure funding in today’s Queensland state budget was good for jobs, the increase in borrowings was concerning — especially given the annual surplus was set to triple to $1.51 billion thanks to a strong injection of mining royalties.

“The stronger economy in terms of projected economic growth up 0.5% to 3% and focus on infrastructure is good news for Queenslanders, particularly for those in regional areas given more than half of the $11.6 billion to be spent on major projects this year has been committed to regions outside the south-east corner,” Ms Zubrinich said.

“The introduction of the new $40 million Growth Area and Regional Infrastructure Investment Fund and the $70 million increase over the next three years through the government’s Building our Regions fund are good news and we hope to see some of this funding filter through to the Sunshine Coast.”

“We do note however, that much of the infrastructure spend that was announced today will fund commitments that have already been made by the state government.  There really were no surprises in this budget except perhaps the increase in many government fees which will be an additional brake on already slowing household spending and savings.”

“We understand the pressure to take on additional debt to fund such a significant infrastructure program given that unemployment continues to rise, despite a stronger economy.  Queensland’s high population growth — largely due to the migration of interstate workers — makes it prudent for funds to be invested into projects that can support job seekers in our economy.”

“On this basis we are also encouraged to see that the Skilling Queenslanders for Work program was allocated an additional $180 million over three years to boost the number of apprenticeships and increase workforce participation.

“As per the past few budgets, the big disappointment continues to be the lack of progress in reducing debt — it doesn’t appear to be a priority for this government.  Surely it is time to find other ways to fund infrastructure other than increasing government debt.”

 
Sunshine Coast Business Council :
PO Box 1312, Maroochydore
07 5409 3215
Sunshine Coast Business Council
Showing 7 recent articles for this business
Sandy Zubrinich, Sunshine Coast Business Council 13 June 2018 | Sunshine Coast Business Council Chair Sandy Zubrinich said that while the boost in infrastructure funding in today’s Queensland state budget was good for jobs, the increase in borrowings was concerning —... More information...
Sunshine Coast Business Council’s Retail Evolution Conference as part of Small Business Week 15 May 2018 | Just as Uber has disrupted the taxi industry and Airbnb has impacted on the accommodation sector, retail is facing its own disruptions. Last year, we saw the collapse of many leading retail brands and this inst... More information...
Federal budget commentary - Sunshine Coast Business Council 09 May 2018 | Sunshine Coast Business Council Chair Sandy Zubrinich today said there were many initiatives to be commended in the federal budget thanks to the $35 billion increase in revenue, largely due to more people parti... More information...
Economic impact of regional universities unveiled 16 April 2018 | With the Regional Universities Network recently conducting an in-depth study into the contribution regional universities make to local economies, more than 60 Sunshine Coast businesspeople will come together in... More information...
Business Council commends Coast rail connect effort 09 March 2018 | The Sunshine Coast Business Council has commended the efforts of Member for Fairfax Ted O’Brien and Stockland Regional Manager Ben Simpson following today’s announcement that the North Coast Rail Connect... More information...
Sekisui's Yaroomba development - Is the Sunshine Coast failing? 04 January 2018 | The Sunshine Coast has long been attempting to shed the stigma of being a 'hard place to do business', with politicians as well as business and industry groups aiming to attract quality capital investors to the... More information...
Business Council names board 24 November 2017 | At yesterday’s Annual General Meeting in Marcoola, the Sunshine Coast Business Council (SCBC) appointed nine board members to drive the organisation forward over the coming 12 months and advocate on behalf of... More information...



Social:   
comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service