Media | State News

Labor’s economic failure puts Queensland to shame

29th April 2019

Queensland has fallen further behind Tasmania and retained sixth place on the State of the States report, released by Commsec today.

LNP Deputy Leader and Shadow Treasurer Tim Mander said Queensland ranks in the bottom half of the economic ladder.

“Smaller states like Tasmania and South Australia are putting Queensland to shame.

“The blame is squarely on the shoulders of Premier Annastacia Palaszczuk and her incompetent Treasurer Jackie Trad.

“They don’t have a plan to make Queensland an economic powerhouse.

“Our economy is sinking under the weight of Annastacia Palaszczuk’s five new taxes and incompetence.

“Our jobs market was identified as a weakness.

“Queenslanders looking for work are suffering while this Labor Government does nothing.

“Labor is bad with money and balancing the books.

“Queensland has one of the worst unemployment rates in the nation, a complete lack of business confidence, and our construction and manufacturing industries are flagging fast.

“Only the LNP, with its commitments to no new taxes and to cutting red tape has a plan to bring Queensland’s economy back up the economic ranks.”

Key Facts

  • Queensland is 6th on four indicators
    o Retail spending
    o Equipment investment
    o Construction work
    o Housing finance
  • Queensland sits at 3rd for economic growth and population growth
  • Queensland sits at 4th for dwelling starts
  • Queensland ranks 5th for unemployment