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WESTERN Australia’s Liberal Government has handed down its first Budget, delivering a $647 million surplus but warning the state will be in deficit by 2012.

Treasurer Troy Buswell today delivered his first Budget since the Liberal Government came to power last year.

He said the 2008/09 surplus of $647 million would shrink to $409 million in 2009/10, and just $23 million the following year.

By 2011/12 the state will be in deficit to the tune of $513 million.

“Over the past months, as the global economy has been in decline, the state has been hit by large downward revisions to projected taxation revenue, GST grants from the Commonwealth and mining royalties,” Mr Buswell told parliament.

“Since the mid-year review, the Budget has lost a massive $4 billion in forecast revenue from these sources.”

Last year, then treasurer Eric Ripper delivered a surplus of more than $2 billion on the back of a booming commodities sector.

Economic growth remained high at 8 per cent for the 2008/09 financial year.

But forecasts predicted growth would fall into negative territory in 2009/10, with unemployment expected to peak, and business investment to fall by 17.5 per cent.

Mr Buswell said the Government would provide a one-year payroll tax rebate to small businesses with payrolls of up to $3.2 million to help protect jobs.

“Some 6,700 small businesses will be eligible for this payroll tax rebate, which will fully offset payroll tax for around 68,000 employees,” he said.

“The cost of this rebate is estimated at $100 million.”

A $47 million jobs training and skills package, and a $8.3 billion spend on infrastructure in the next financial year are key components of the Budget.
Mr Buswell said law and order were also strong focuses, in line with the Government’s election promises to boost funding for police and pump more money into prisons

Mr Buswell said the Government’s election promise to toughen up sentencing laws and introduce mandatory sentencing for people who assault police was underpinned in the Budget by a significant investment in prison capacity.

 

A total of $655 million will be invested in 2012/13 to create an extra 1657 prison beds across the state.

A record $5.1 billion spend on health services in the next year – rising 5.9 per cent, or $282 million from last year – will include the fast tracking of forward works for a new children’s hospital, the construction stage of the Fiona Stanley Hospital, and new hospitals in two regional centres.

Mr Buswell said the Government would push ahead with public sector reforms in a bid to achieve improved performance and efficiency.

The first stage of the economic audit committee promised by the Government during the last election was complete and a range of hard decisions had delivered $7.6 billion over the forward estimates, Mr Buswell said.

“I am looking forward to the second stage of the economic audit to identify strategies for broader reform over the longer term, so we can ensure the budget stays in surplus,” he said.

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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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