NSW has outlined a plan for its economy to grow to a trillion dollars in 2040, with advanced manufacturing named as one of five key sectors. Designed by the NSW chief economist, Stephen Walters, the NSW 2040 Economic Blueprint sees the state’s growth being driven by investment from innovative and globally competitive businesses, as treasurer … Continue reading Advanced manufacturing to drive NSW’s trillion dollar economy
On June 18, the South Australian government delivered its 2019-2020 state budget. Commitments included $12.6 million for six innovation and science research centres as well as $180 million for affordable reliable and clean electricity. The six innovation centres come under the National Collaborative Research Infrastructure Strategy (NCRIS) umbrella and are split into distinct areas. Centres … Continue reading SA state budget delivers for future manufacturing
The NSW government released its 2019-20 Budget this week, committing to skills development, while also highlighting a gas shortage that could affect businesses in the state. The release of the budget, in June, emphasises the government’s goal of creating 250,000 more jobs to strengthen the state’s economy. The budget continues to cut payroll tax allowing … Continue reading NSW budget commits support for thousands more skilled workers
Towards the close of last month, the Turnbull Government announced that Moody’s has maintained Australia’s AAA credit rating, with a stable outlook. Moody’s has noted the Government’s record of “strong economic management” that has ensured Australia’s AAA credit rating which has been maintained with all three major ratings agencies. According to the Treasury’s statement, Moody’s decision … Continue reading Moody’s reaffirms Australia’s AAA rating
The 2017 NSW Budget has been revealed, including $72.7 billion for infrastructure and $96 million to support local businesses. Here is a breakdown: Infrastructure $7.2 billion in Government investment for the third stage of WestConnex, including the M4-M5 link $4.9 billion across four years for Sydney Metro City and South West $3.5 billion across four years … Continue reading NSW Budget: $73b for infrastructure and $96m for local businesses
The Weatherill government and Nick Xenophon believe that South Australia was deliberately slighted in this year’s Federal Budget. The politicians have suggested the Liberal Party purposefully excluded SA from infrastructure spending because the state voted Labor in the last election. According to Senator Nick Xenophon, SA would have been far worse off had he not made … Continue reading SA snubbed in Federal Budget, politicians claim
The government’s decision to delay the purchase of 12 F-35A Joint Strike Fighters (JSF) by two years could harm a number of Australian manufacturers involved in supply contracts for the US-based project.