{"id":110621,"date":"2015-06-14T20:32:57","date_gmt":"2015-06-14T10:32:57","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=110621"},"modified":"2020-11-24T15:02:09","modified_gmt":"2020-11-24T05:02:09","slug":"report-highlights-regional-pay-gap","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2015\/06\/14\/report-highlights-regional-pay-gap\/","title":{"rendered":"Report Highlights Regional Pay Gap"},"content":{"rendered":"
\"\"<\/a>
ALGA president Cr Troy Pickard (Photo: LinkedIn)<\/figcaption><\/figure>\n

June 14, 2015<\/strong><\/p>\n

Reducing the inequality of income distribution within and between Australian regions through new investment is pivotal to strengthening Australia\u2019s economy, according to a report released on Sunday by the Australian Local Government Association.<\/p>\n

The report, released at the Regional Cooperation and Development Forum in Canberra, says investment in low-income regions is required to bridge the employment fallout from the end of the mining boom.<\/p>\n

It also provided ammunition for local Councils to again highlight the decision in the 2014-15 Federal Budget to freeze the indexation of Financial Assistance Grants to local Councils.<\/p>\n

The report, “State of the Regions: Inequality Between And Within Regions”, was prepared by National Economics for the ALGA.<\/p>\n

It confirmed trends presented in recent OECD and IMF research papers which show a link between income inequality at a regional level and economic growth on a national level. <\/strong><\/p>\n

\u201cThe report identifies a need for policies and investments to be implemented on a region-by-region basis to decrease the existing inequality across Australian regions, which was expedited by the mining boom,” report co-author economist Dr Peter Brain said.<\/p>\n

“Local government is strategically placed to coordinate job-creation policies at the local level to improve Australia’s economic performance and hence make an important contribution to national economic growth.”<\/p>\n

ALGA president, Joondalup Mayor Troy Pickard, said he welcomed the report\u2019s recommendation for a stronger partnership between the Australian Government and Local Government to improve the country\u2019s economic performance “particularly through targeted investment in Local Government services such as local infrastructure maintenance and provision”.<\/p>\n

\u201cThe success of programs such as the Regional and Local Community Infrastructure Program in 2008-10 and the longstanding ‘Roads to Recovery’ program highlights the value and effectiveness of a direct partnership between the Federal Government and Local Government in delivering major outcomes in job-creation and economic stimulation,” Cr Pickard said.<\/p>\n

“However, the decision in the 2014-15 Federal budget to freeze the indexation of Financial Assistance Grants (FAGs) funding will cost local government an estimated $925 million over the forward estimates.<\/strong><\/p>\n

“Financial Assistance Grants, which are particularly important for poorly resourced councils, are a major element in the national strategy to combat inter-regional inequality.<\/p>\n

“The State of the Regions report reinforces the ALGA’s call to support regional economic development through diverse infrastructure investments determined by regional priorities in partnership with Local Government.<\/p>\n

\u201cEvery year\u2019s delay in the adoption of this approach imposes significant costs on the national economy by limiting the growth potential of both country and metropolitan regions.”<\/p>\n

Footnote: Mayor Wayne Kratzmann is representing the South Burnett at this ALGA conference<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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