Grand visitors crowd the port of hobart to meet the queen
In the centre of a vast grassy stretch on Sydney Harbour, the old port of Hobart is seen as a symbol of economic growth and prosperity. Photo: Simon Schluter
The city’s transformation from the bustling center of Asia’s trading empire, to a bustling center of global commerce is emblemat포항출장안마ic of Australia’s development during the last century.
As man해운대출장샵y as 20 cities have emerged from the ashes of Sydney’s post-World War II decline – Canberra, Melbourne, Perth, Brisbane, Adelaide, and Hobart – and the number of jobs in each city remains above average. But these days the city is struggling with a population explosion and the effects of the Great Recession on its finances.
Last year’s Federal Budget unveiled plans to build more than $5 billion in infrastructure over the next few decades.
More than 40 per cent of the state’s land area is owned by the state. At the weekend, state Treasurer Ian Macfarlane confirmed the government’s plan to transfer to federal government some or all of the $1.5 billion earmarked to deal with state debt.
This news comes on the heels of state government Treasurer Scott Morrison having to cut the state’s deficit from $632 million a year in 2015-16 to $542 million in 2016-17 from $543 million in 2015-16. Mr Morrison said the state needs to cut the state-related debt to zero by early next year.
In 2014-15 the s블랙 잭tate government was also ordered by the Federal Court to pay $23 million to bankrupt Victorian rail company Collar Rail for breach of contract.
The court decision came after the company was found to have repeatedly breached contracts relating to a contract to maintain the Collar line, which runs through Sydney.