Business sector most positive in Queensland

Queensland is the only state where businesses have a positive view of the economy, according to a new survey.

Treasurer and Minister for Trade Tim Nicholls said the Sensis Business Index survey showed Queensland businesses were positive about both the state’s economy and Government’s efforts to support the business sector.

“The index shows the net balance of confidence was +28 per cent in this month, up 22 percentage points from a year ago,” Mr Nicholls said.

“What this says is that businesses recognise our economy is on the cusp of strong growth.

“We’ve seen the State Accounts showing growth of 4.1 per cent for the year to the September quarter, well ahead of the 1.9 per cent for the rest of Australia.

“This Government is all about growing a four pillar economy as we promised at the election and Queensland businesses recognise our efforts.

“Businesses have clearly understood the difference between the health of Queensland’s economy and the state of the Government’s finances.”

Mr Nicholls said businesses considered the Queensland Government the most supportive state or territory government in Australia.

“Our efforts to cut red tape, support small business and plan for the future are all giving confidence to the business sector,” he said.

“A confident business sector is essential if we are to see continued growth in our economy.

“The Government is underpinning that confidence with sound economic management and by bringing its own finances under control.

“The only thing holding us back is the $80 billion debt we inherited from Labor.

“By making informed choices about ways to bring that debt down we will be able to secure our financial future and ensure we can fund the job-creating infrastructure projects that Queensland needs.”

[ENDS] 19 March 2014

Media contact: Treasurer’s Office 3719 7200