The 2019-20 ACT Budget shows our economy is strong, growing and increasingly diverse

The ACT economy is the strongest in Australia. The past three years have seen combined economic growth of 12 per cent, supporting the creation of over 3,200 new businesses and more than 16,000 jobs.

Our $40 billion economy has been boosted by a significant increase in services exports, particularly in the higher education and tourism sectors. Through the 2019 ACT Budget we are continuing to invest in economic development and diversification, to keep creating more good jobs for Canberrans now and into the future.

Diversifying our economy by supporting business and innovation

We will continue driving the diversification of Canberra’s economy through investment attraction and facilitation of major projects like the proposed new UNSW campus, growing exports in products and services by promoting Canberra to the world, and strengthening our local innovation ecosystem.

We are creating more jobs for Canberrans through attracting and supporting investment, helping local businesses become export market ready and further developing key industry sectors like the specialised scientific and research sector, and ICT and cybersecurity sector.

The Government will also provide ongoing resourcing for the Office of International Engagement to support consistent promotion of Canberra across our region and the world, and continue growing international relationships which deliver economic, cultural and social benefits for Canberrans.

We will continue our investment in Canberra’s knowledge ecosystem through the CBR Innovation Network. CBRIN connects Canberra’s education and research institutions with business communities to help grow more local start-ups, supporting the creation of local jobs and high value economic activity.

Creating jobs with more events in Canberra

We will support the ICC Twenty20 Cricket World Cup being held at Manuka Oval in 2020, with five women’s group matches to be played in Canberra. The Government’s support for these matches is part of our agenda to actively support top-level women’s sport and grow more good jobs by attracting major events and tourism.

We will also showcase Canberra and continue boosting our tourism sector by hosting the Australian Tourism Awards in Canberra in early 2020. This event will provide the opportunity to promote the Canberra Region and highlight local produce and tourism offerings.

Delivering more secure local jobs

We are leading by example in improving job security by reviewing the use of casual and temporary employment across the ACT Government. This review will aim to identify roles or work types currently being done by temporary staff which can be transitioned to secure, permanent roles over time.

We will also transition externally contracted school cleaning services to a Territory-run service by establishing a cleaning workforce within the Education Directorate. This will deliver better job security and working conditions for our hard-working school cleaners.

Within the Transport Canberra and City Services Directorate, we are working to progressively increase the ratio of permanent staff compared with contract staff over several years. This year’s Budget advances this work by converting temporary and contract roles within the City Presentation unit to permanent positions.

We are committed to improving job security for our staff and setting the standard for the ACT workforce as a whole.

Through the 2019 ACT Budget, we are investing to keep building a stronger, more diverse economy which can deliver good jobs for all Canberrans.

Media contact: Kaarin Dynon     T (02) 6205 2775 M 0422 772 215