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Job creation and capital works projects will form the cornerstone of this year’s state budget, West Australian Premier Colin Barnett says. 

The WA government on Thursday will deliver its first budget since elected last year.

“It will be responsible and I think you will see it supports maintaining  jobs and supports the future development of this state,” Mr Barnett said on Wednesday.

“And you will see not only that, but a number of measures designed to maintain jobs, particularly in the small- to medium-size business sector.”

The government is under pressure to maintain a surplus after Mr Barnett’s commitment to deliver surpluses in the next two budgets.

While seeking to maintain the state’s AAA credit rating, the government is also facing demands from WA’s peak business lobby to deliver on an election promise to cut taxes by $250 million.

Mr Barnett said the state’s budget and finances would need some “rejigging” to match a $263 million federal government commitment in Wednesday’s federal budget to put the Perth rail line and bus station underground.

“Yes, we will have to have some rejigging of the state budget and finances because we originally sought 50/50 funding just to sink the rail line,” Mr Barnett said.

“The commonwealth’s taken up the point. It was an issue I discussed with the prime minister in Perth about three weeks ago and I just made the point to him quite informally that if we’re going to sink the rail line it would actually be commonsense to sink the bus station too …

“He’s obviously taken it on board so we’re going to make sure that happens.”

The federal government also pledged $339 million for a deepwater port at Oakajee, in the state’s midwest, which will boost iron ore exports in the region.

The WA government had already spent about $20 million on Oakajee and private proponents were now spending $100 million on the design of the deepwater port and rail line, he said. Continued…

www.watoday.com.au

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Sarah MacPherson, Melville

Sarah has a 19-year-old daughter living at home, and is in the process of starting up a technology-based business.                 single mother
 
What Sarah wanted:
Measures to help vulnerable in society, such as pensioners, carers and single parents;
. Increased taxes on cigarettes and alcopops;
. Stimulus packages for small startup companies;
. Maintenance of the First Homeowners Grant boost;
. Investment in education;
. Dumping of the GST charged on sanitary products.
 What she got:
. Increased pensions – by $32.49 for singles and $10.14 per couple.
. The pension age lifted to 67 between years 2017 and 2023.
. First Homeowners Grant boost to remain until September 2009, but to be halved after that.
. Opening up university places for additional 50,000 students over four years from next financial year.
. $437 million over four years to boost number of disadvantaged students at university.
. A 50 per cent small business tax break for eligible capital expenditure.
Her verdict:
“I suppose the first word that came to mind was ‘predictable’,” Sarah said.
 
“The rise in pension age means many of the battlers will have to battle a little longer.
 
“But if you look at the current global economy, they probably haven’t done too badly – they can’t please everybody”

www.watoday.com.au

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Wall StreetTHE share market has opened marginally stronger the morning after the federal budget was handed down, and following a mixed lead from Wall Street.
At 10.15am (AEST), the benchmark S&P/ASX200 was up 12.1 points, or 0.31 per cent, at 3889.3, while the broader All Ordinaries gained 8.7 points, or 0.23 per cent, to 3872.3.

The four major banks were mostly higher at the open.

ANZ gained 4cents to $16.01, NAB was up 14 cents at $22.00 and Westpac was up 10 cents at $20.48.

The Commonwealth Bank, which reported cash earnings for the March quarter of about $1.15 billion, generating a cash return on equity of over 15 per cent, was down 20 cents at $36.40.

Resources weren’t as lucky, opening lower in morning trade.

Mining giant BHP was down five cents at $34.26, while rival Rio Tinto lost 4.41 per cent to $65.46.

Wall Street wobbled to a mixed finish on Tuesday as investors paused to assess gains from a long rally and mulled the new efforts to raise capital by banks and other firms.

The markets also digested better-than-expected data on the US trade deficit and reassuring comments from Federal Reserve chairman, Ben Bernanke, about the health of the banking system.

The Dow Jones Industrial Average was up 50.34 points, or 0.60 per cent, to settle at 8,469.11.
The tech-dominated Nasdaq dropped 15.32 points, or 0.88 per cent, to 1715.92 while the broad-market Standard & Poor’s 500 index lost 0.89 point, or 0.1 per cent, to settle at 908.35.

On the Sydney Futures Exchange, the June share price index contract was trading 17 points higher at 3885 on volume of 4900 contracts.
www.news.com.au

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perth_nightStrategically located in relation to South East Asia, Europe and Africa, Perth Airport is Australia’s fourth largest airport in terms of passenger traffic and is the winner of the (AAAustralian Airports Association A) award for Australian Major Airport of the Year for 2003 and 2004.

Only 12 kilometres from the heart of Perth, the capital of Western Australia, the airport is part of a 2,105 hectare estate with sufficient capacity to expand and meet the projected commercial aviation demand of the 21st century.

Of the 2,105 hectares, over 700 hectares is available for a wide range of non-aviation property development, providing the potential for the airport to become a major commercial and industrial centre.

Westralia Airports Corporation (WAC) also works closely with the tourism industry to develop tourism in Western Australia and is a member of the Perth Convention Bureau, the Pacific Asia Travel Association and is a gold member of the Tourism Council of Western Australia.

WAC is closely involved with Tourism WA in promoting the State as an attractive destination for overseas visitors, with a strong focus on working with airlines to increase the number of passengers travelling to Western Australia.

Perth Airport is the premier international, domestic and regional gateway to this exciting State for commercial aircraft, freight and passengers, and plays an important role in Western Australia’s economy.

Economic Benefits of Perth Airport

In 2003, Economic Research Associates Pty Ltd studied the economic significance of Perth Airport to Western Australia’s economy. The report estimated that all airport associated activities generated approximately $2.2 billion a year, or 3% of the Gross State Product
(GSP) for Western Australia.

Direct employment is estimated at 5,960 jobs, with $342 million in direct salaries and wages. In total, Perth Airport provides around 16,800 jobs for Western Australians, generating approximately $850 million in wages.

Perth Airport Facilities

Perth Airport’s primary aviation facilities include:

•A two building with nine operational aircraft barunway system able to handle both existing and planned intercontinental commercial aircraft
•An International Terminal ys, five of which have aerobridges
•A with three freighter positionMulti-User Domestic Terminal complexs and a total of 22 operational aircraft bays, five of which have aerobridges
•Air freight, aviation fuel and in-flight catering facilities
•Air traffic control facilities
•24-hour rescue and fire fighting facilities.
Terminals at Perth Airport

Terminal 1 (International) is located on the eastern side of the main runway and is positioned between this runway and a future wide-spaced parallel runway.

The Domestic Terminals are located on the western side of the airfield. Qantas operates Terminal 2, where Qantas, QantasLink and Jetstar domestic services arrive and depart.

Adjacent to Terminal 2 is the Westralia Airports Corporation (WAC) operated Terminal 3. The airlines operating from Terminal 3 are Alliance Airlines, OzJet, Skywest Airlines, Virgin Blue.

Perth Airport also encompasses several smaller terminal operations, which provide charter services and services to specific regional areas in Western Australia.

http://www.perthairport.com

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