Economic Recovery Plan lacks the detail to grow business confidence, jobs and the economy
The Palaszczuk Government’s Economic Recovery Plan highlights some great intentions for Queensland, yet there is a lack of detail in the plan, and it fails to deliver the confidence business needs by knowing what is happening next said the Chamber of Commerce and Industry Queensland (CCIQ).
CCIQ has been calling for the Palaszczuk Government to deliver its Economic Recovery Plan and welcomes its early delivery.
The plan outlines six focus areas, including ‘Backing small business’ and while the sentiment and acknowledgement of supporting the ‘backbone’ of Queensland’s economy are there, how it will be done is not, said Amanda Rohan, CCIQ’s general manager of advocacy and policy.
“We acknowledge the support the Government has provided through COVID. There have been grants, payroll tax relief, concessional loans and electricity rebates. And these have all helped through the crisis. But they have already happened, what the plan hasn’t detailed is, what is the pipeline for delivery for many of the initiatives,” said Ms Rohan.
“There are many elements within the plan, which we strongly agree with, and we have previously detailed in our rebuild and reform transformational stimulus package.
“We agree with investing in our future through upskilling a workforce, investment in regional connectivity, fast-tracking and increasing infrastructure projects, buying and making local, we support all of these focus areas.
“But business is at the frontline of the economic recovery, and for businesses to return to profitability, to be able to keep their doors open and staff employed, there needs to be more in the detail to support business confidence through recovery and beyond.
“We will continue to work with the government to develop the detail and look forward to the opportunity to do that,” Ms Rohan said.