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Economically, we’ve grown from a one company town to a confident and diversified city.
But there is plenty more we can do to make the city we love even better. When I stood here last year to deliver the Budget speech, I noted that our Territory had weathered some tough times in recent years – mostly because of the decisions taken by the Federal Government.
Instead, we are strengthening the Territory’s finances so that we can meet the community’s needs today while investing more for tomorrow.
That’s our fiscal plan: making the right investments to renew our city, while sticking to a clear path back to balance.
We’re well on track to build the new homes that will accommodate this growth: over the course of 2016, dwelling commencements rose over 100 per cent – the strongest supply increase in the country.
A growing population is also helping boost retail trade for Canberra’s small businesses and local industries.
A year on, those green shoots have spread, making the Territory’s economy consistently among Australia’s strongest.
The Government went to the last election with a positive plan for renewal right across our city and suburbs. We are making Canberra’s schools better by delivering classroom and facilities upgrades across the Territory, expanding four Gungahlin schools, and getting work underway for a new school in the Molonglo Valley.