Pressure on Treasurer Pitt as Queensland investment tumbles

27 Nov 2015 12:00 AMJohn-Paul Langbroek

Pressure is mounting on Treasurer Curtis Pitt, with the latest figures showing business investment in Queensland stalling under his leadership.

Shadow Treasurer John-Paul Langbroek said Australian Bureau of Statistics figures showed total seasonally adjusted business investment in Queensland dropping by 21.1 per cent since the March quarter.

 

“This was the worst result of any state or territory and far above the national average,” Mr Langbroek said.

 

“Expenditure on buildings and structures in Queensland has dropped by 28 per cent in just two quarters.

 

“This comes on top of the latest state accounts statistics showing Queensland at the bottom of the pack on economic growth.

 

“These figures again show Queensland is suffering due to this government’s infrastructure freeze and ‘review rather than do’ mantra. Labor is holding Queensland back.

 

“What’s most concerning is Mr Pitt refuses to even acknowledge the figures, or the crisis of confidence here in Queensland.”

 

Mr Langbroek said he was not surprised Mr Pitt was coming under increasing pressure for failing to outline an economic vision for Queensland.

 

“Mr Pitt’s inexperience has been on display all year – from his irresponsible and incorrect comments about Queensland being in a recession, to his raid on public servants’ superannuation and long service leave entitlements,” he said.

 

“Queenslanders deserve better than an inactive, ineffectual Treasurer who seems to be making it up as he goes.

 

“Only the LNP has a Real Economic Plan to take Queensland forward and unleash our great state’s true potential.”

Latest Updates

30 Sep 2020 1:35 PMGold Coast MP John-Paul Langbroek claims ‘pork barrelling’ over sports rort accusationsAn independent report has revealed Gold Coast sports clubs received less than a quarter the taxpayer funded grants of Brisbane and Logan as a city MP accuses Labor of “pork barrelling”.More...John-Paul LangbroekJohn-Paul Langbroek MPhttp://www.jplangbroek.com.au
24 Sep 2020 1:10 PMDeb’s plan to put more police on Gold Coast streetsThe LNP’s commitment to make communities safer, boost police resources and crackdown on youth offending has ramped up on the Gold Coast today, with a major announcement in the lead up to the October 31 state election.

Ms Frecklington unveiled her plans alongside LNP Member for Coomera Michael Crandon and LNP Member for Theodore Mark Boothman, to strengthen police numbers across the Gold Coast.
More...John-Paul LangbroekJohn-Paul Langbroek MPhttp://www.jplangbroek.com.au
24 May 2020 1:00 PMRacing community delivers vote of no confidence in Labor and QRICFrustrations have boiled over among racing participants, with the LNP slamming the Palaszczuk Labor Government and Queensland Racing Integrity Commission for failing to deliver integrity and confidence in the industry.More...John-Paul LangbroekJohn-Paul Langbroek MPhttp://www.jplangbroek.com.au