Construction stalls under Palaszczuk Government

25 Feb 2016 11:14 AMJohn-Paul Langbroek

Figures released today by the Australian Bureau of Statistics (ABS) have shown the decline in business activity under the do-nothing Palaszczuk Labor government.

Shadow Treasurer John-Paul Langbroek said the value of construction work done had declined by $1.4 billion the since March quarter in 2015.  The seasonally adjusted figures had declined by slightly less than $1.4 billion.

 

“Queensland was the only state in Australia to experience a decline over this period, on both the seasonally adjusted and trend measures,” Mr Langbroek said.

 

“In the last year the value of construction work has declined by more than twenty per cent.

 

“We know that engineering construction is particularly struggling, and today’s figures confirm the value of engineering construction has fallen by around forty per cent in the last year.

 

“The Palaszczuk Labor Government is frozen at the wheel and these figures prove it.”

 

Mr Langbroek said the LNP Opposition understood that part of the decline was related to the downturn in the resources sector and the completion in construction of major LNG projects.

 

“Despite this, there has been no strategy from the Labor Government to address this slide,” he said.

 

“Instead of championing the kind of projects that will attract investment and create jobs, Premier Palaszczuk and her do-nothing government are getting in the way of them. Abbot Point, Adani and sand mining on Stradbroke are the job-creating projects our state needs to get charging again but this Labor government is sitting on its hands.

 

“Treasurer Curtis Pitt is more likely to shrug his shoulders and pretend there is no problem, than he is to say how he plans to facilitate new investment and improve economic outcomes.”

 

Mr Langbroek said it this wasn’t the only economic report illustrating the decline in business investment happening across Queensland.

 

“Our great state is facing many challenges and it’s about time the Premier and her ‘D-Grade’ Treasurer came up with a plan to overcome then.

 

“Only the LNP has the competence, experience and stability to unleash Queensland’s full potential.”

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