News
South Australia’s post-COVID-19 unemployment rate could spiral to almost 11 per cent within a year, while the gross state product is predicted to fall almost seven per cent, according to grim economic tidings as Treasurer Rob Lucas warns of “a world of pain” ahead.
Local
Treasurer Rob Lucas admits colleagues have urged him to rethink his retirement plans as the state faces one of its most challenging and prolonged economic recoveries, but is adamant he’ll still bow out at the next election.
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UPDATED | State Parliament is rushing through an “unprecedented” $15.3 billion Supply Bill today as the Premier flags more support for business and does not rule out rolling back planned reforms in a bid to keep the state economy afloat.
Treasurer Rob Lucas has painted a grim picture of South Australia’s economic fortunes, flagging further increases in already-record levels of state debt as he seeks to deliver the Marshall Government’s infrastructure commitments.
The State Government will abolish the State Procurement Board in favour of a new branch within Treasury, as part of what Treasurer Rob Lucas has described as historic reforms that would simplify tender processes and make it easier for local businesses to compete for government contracts.
UPDATED | Opposition Leader Peter Malinauskas has re-opened the door for a compromise on shop trading deregulation, recommitting Labor to accepting major shops and supermarkets opening at 9am on Sundays.
Rob Lucas’s razor-thin budget surplus has been effectively wiped out by a fresh writedown in GST revenues, with this morning’s federal update slashing the state’s receipts by $136 million in the current financial year.
