Queensland January to June 2005 PAUL D
Political Chronicles 595 Queensland January to June 2005 PAUL D. WILLIAMS Griffith University The Economy — Mixed News The year began satisfactorily for the government when a mid-year review forecast a revised budget surplus of $1.1 billion, or $450 million higher than expected (Courier- Mail, 13 January 2005). Equally pleasing was a Queensland unemployment rate of 4.3 per cent, which allowed Queensland, for the first time in twenty-five years, to boast Australia's lowest level (Courier-Mail, 8 April 2005). But some regions grew faster than others, with the Darling Downs becoming Queensland's "powerhouse" with an unemployment rate of just 2.3 per cent (Courier-Mail, 1 February 2005). The state's inflation rate of 0.5 per cent for the June quarter — or 2.5 per cent annually — remained comparable with the national average (www.abs.gov.au/ausstats) . Such robust growth encouraged the Beattie Government to resist Commonwealth proposals to further reform industrial relations. In 2003-04, exports valued at $26.2 billion showed a real decline of 3 per cent, while imports rose 10 per cent. Coal and beef were among the hardest hit, despite generating overall revenue of $8 billion (Courier-Mail, 2 February 2005). Other crises included the closure of a Bundaberg sugar processing plant with the loss of 100 jobs, and Queensland Rail's loss of contract with its largest freight customer, Toll Holdings, a loss attributed to cost increases of up to 48 per cent (Courier-Mail, 11, 22 February 2005). SEQ Infrastructure and the Budget — Counterbalance to Crises The Beattie Government pre-empted its own budget with the announcement in late April of its long-awaited Southeast Queensland Regional Plan, a bold $55 billion capital works vision covering some 230 separate projects designed to accommodate the one million additional residents expected to settle in the state's southeast over the next 596 Political Chronicles twenty years.
[Show full text]