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Parliamentary Questions


Question Without Notice No. 531 asked in the Legislative Assembly on 12 August 2020 by Mr D.C. Nalder

Parliament: 40 Session: 1

STATE FINAL DEMAND

531. Mr D.C. NALDER to the Treasurer:

Given the Treasurer's government has announced $5.5 billion dollars in budget announcements and given it has been almost a month and a half since the end of the financial year, I ask whether the Treasurer could provide his expected financial impact this year and whether he could outline to the house the state final demand for the 2019–20 financial year, the key economic measure for the domestic economy?

Mr B.S. WYATT replied:

The Annual Report on State Finances is required under the Financial Management Act to be tabled in the Parliament by the end of September and it will be. It will outline the end result of the 2019–20 year. The budget, of course, is on 8 October and will outline what we expect the 2020–21 year to be and, very shortly, the state final demand figures for the June quarter will become available. I want to make a couple of points about that. When I provided an update to the Parliament just before we rose for the winter recess, I outlined what the Treasury expected the economic impacts of the coronavirus to be on the state's economy. At this point, I am hoping it will not be as severe as I outlined to the Parliament six or seven weeks ago, but, of course, that is subject to no further outbreak of the coronavirus or Mr Palmer being successful in his border challenge. But there are two very important documents coming out at the end of September and early October that the opposition can no doubt peruse.