Answers to Questions

BUSINESS CONFIDENCE INDEX

In reply to the Hon. J.S. LEE (4 May 2011) (First Session).

The Hon. G.E. GAGO (Minister for Agriculture, Food and Fisheries, Minister for Forests, Minister for Regional Development, Minister for Tourism, Minister for the Status of Women): The Treasurer provided the following information:

While business surveys come and go, overall economic conditions in South Australia remain positive. New business investment in the State continues to grow, and the number of South Australians who are employed has increased and the State's export incomes are at record highs with South Australia outperforming the national average.

In the 2011-12 mid-year Budget Review the State Government made the decision to invest in infrastructure projects to create jobs and keep the economy strong. This decision is supported by the Chief Executive of Business SA who stated:

It is important that the State does not shut up shop but we proceed with the commitment to key infrastructure projects which will continue the growth of economic activity.