From Recovery to Transformation
This is the highlight of the NSW Government’s 2021-2022 budget which was delivered yesterday by the Treasurer.
A lot of work was put in by our state government, working closely with our Premier, to deliver the best budget in the last 18 years. I was honoured to be at the Parliament House on the day the budget was handed down by Domenic Perrottet MP. It is a budget that looks beyond pandemic to take us on a road of transformation and create a better NSW for us and our future.
It was an invigorating experience to personally meet and listen to the ministers, the Treasurer and our state leader Gladys Berejiklian who passionately planned for the future of our state and focused on the delivery of big transport and infrastructure projects to stimulate economic growth and employment, keep families safe, protect the environment, and create a better NSW.
Our state leaders truly care about our state and its communities. Humbly but passionately the ministers spoke about their portfolios and vision and acknowledged the contribution of their colleagues. The most favourite topic at the dinner was the social aspect of the budget and easing the costs of living pressures of families.
We live in a state where our leaders delivered strong financial management during the pandemic, pumped resources to create employment and build infrastructure, kept unemployment under control and kept us safe.
As Gladys Berejiklian said, “managing well during best times gives us the resilience to manage well during worse times” and this is what our state government did well.
We welcome the new budget with hope and enthusiasm and trust that our government will keep the budget and economy strong so that we are well prepared for the next challenges when they come
The NSW state budget summary
The New South Wales Government’s 2021-22 budget has confirmed a deficit of $7.9 billion for the current year, jumping to $8.6 billion for the following 12 months. Highlights include a $490 million package to encourage the uptake of electric cars, including stamp duty waived on vehicles under $78,000 (from 1 September) and a $3,000 rebate on the first 25,000 vehicles purchased with a value under $68,750. Also, $1.1 billion to be spent on health, including $261.3 million on vaccine distribution, $340 million for PPE, $200 million for pop-up clinics, $145.4 million on quarantine of returning overseas travellers. More details here