As we navigate the economic landscape of the Australian Capital Territory (ACT), there are growing worries regarding the management of our territory under Chief Minister Andrew Barr. While some may argue that there have been positive developments, a closer look reveals several alarming trends that could have serious implications for our future.

First and foremost, the rising levels of debt are a significant concern. Recent reports indicate that the ACT’s net debt could reach an astonishing $2 billion soon. While the government insists that this debt is manageable and necessary for infrastructure projects, many residents are left wondering about the long-term consequences. What happens if interest rates rise, or if there’s an economic downturn? The prospect of mounting debt is enough to cause unease among those of us who care about the financial stability of our community.

Housing affordability is another pressing issue that has many of us feeling anxious. Despite efforts from the Barr government, such as the Affordable Housing Action Plan, the reality is that housing prices in Canberra have skyrocketed. For many families and first-time buyers, the dream of owning a home feels increasingly out of reach. The government may argue that these trends are influenced by broader national issues, but we cannot ignore the fact that local policies must adapt to ensure everyone has access to affordable housing.

Moreover, there are worries about the reliance on the public sector for economic growth. While it’s true that the ACT has seen some economic growth, much of this appears to be driven by government spending rather than sustainable private sector development. This raises a critical question: what happens when the public sector can no longer sustain this growth? The lack of diversification in our economy is a source of concern that cannot be overlooked.

Public sentiment reflects these worries. Many residents appreciate the government’s focus on infrastructure, but there is a palpable anxiety about the rising cost of living and the state of our economy. The opposition has seized on these sentiments, highlighting the government’s perceived inadequacies in addressing these critical issues.

As residents of the ACT, it’s crucial for us to remain vigilant and engaged in discussions about our economic future. We need to ask tough questions and hold our leaders accountable. Are we truly on a sustainable path, or are we risking our economic health for short-term gains?

While there may be some positives to the Barr government’s approach, the concerns about debt, housing affordability, and economic sustainability are significant. We must advocate for policies that prioritise long-term stability and ensure that all residents can thrive in our beloved Territory. The future of the ACT depends on it.