NatStats08 Conference John Lenders MP Treasurer of Victoria 20th November 2008.
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Transcript of NatStats08 Conference John Lenders MP Treasurer of Victoria 20th November 2008.
NatStats08 Conference
John Lenders MPTreasurer of Victoria20th November 2008
Early Data
+ “And it came to pass in those days, that there went out a decree from Caesar Augustus that all the world should be taxed ….. And all went to be taxed, every one into his own city”
+ Luke 2, 1:3
OVERVIEW
+ Importance of statistics+ Facts on the Victorian economy+ The measurable concept of Liveability+ State and Commonwealth alliance
Importance of Statistics
+ Statistics are important for the formulation of Victorian economic policy– Greater certainty and evidence base
+ Statistics are also important for evaluating the outcomes of government economic policies– Output measures
+ Official statistics are also very important for macro policy makers, helping us gauge the state of the economy– Cause & effect of policy decisions
Growing Victoria Together
+ The Victorian Government's vision is that by 2010 Victoria will be a state with:– A thriving economy – Quality health and education – A healthy environment – Caring communities – A vibrant democracy
+ An annual progress report is produced outlining achievements
The Annual GVT Report
+ 88 indicators+ 36 indicators use ABS statistics
– Crime will be reduced by 5 per cent from 2003 to 2008, and Victorians will feel safer
– Greenhouse gas emissions from the production and use of energy will be reduced
– The proportion of Victorian primary students achieving the national benchmark levels for reading, writing and numeracy will be at or above the national average.
+ ABS data critical to monitoring achievement of the Growing Victoria Together goals
Triple bottom line
Apart from the per capita items the main categories that data are used for are:
+ Economic – – employment, productivity, earnings, competitiveness-
innovation, exports
+ Social wellbeing – – average life expectancy, housing affordability,
kindergarten participation
+ Environmental – – greenhouse gas emissions
Victoria’s economic fundamentals sound
+ Solid labour market– Unemployment rate 4.4%– 32,900 jobs created in the year to the end of October
+ Record levels of investment– Private capital expenditure– Building approvals
+ Strong Government budget position– AAA rating maintained since 1999– Nine consecutive years of budget surpluses
+ High population growth
Highest value of total building approvals in the nation
21.0
17.3
21.4
16
18
20
22
Victoria Queensland NSW
$ b
Source: Australian Bureau Statistics
12 months to September 2008
Global financial market developments
+ Governments world-wide have taken action…– Central banks have cut target rates– Governments have guaranteed bank deposits and
have injected capital into the banking sector– Some large financial institutions bailed-out
+ … but, global financial markets remain stressed– Equity and commodity markets weak and volatile– Credit remains restricted– Borrowing costs high
Victorian infrastructure investment
0
1
2
3
4
5
1999-00 2002-03 2005-06 2008-09 2011-12
$ billion
Liveability
Definition:
“Liveability reflects the wellbeing of a community and comprises the many characteristics that make a location a place where people want to live.”
Source: VCEC draft report
Key themes of VCEC draft report
+ Enhancing information provision to better inform decision making
+ Best practice regulation to ensure only appropriate and necessary government intervention
+ Effective integration of government efforts – across all levels of government with appropriate community consultation
Key components of liveability
+ Liveability and strong communities
+ Provincial Victoria
+ Urban planning and design
+ Transport
+ Environmental quality
State alliance with Commonwealth
+ Strong links to Commonwealth Treasury and Finance departments
+ Victorian departments work closely with ABS
+ CoAG November
Questions?