South Australia 2021 Budget: Strong GST, stamp duty receipts help shrink debt

As discussed by Jenny Lee and Mark Latham, the SA Government’s budget position has improved this financial year due to better than expected GST and stamp duty receipts.

While the South Australian Government had forecast a $2.6 billion deficit at the time of the 2020-21 Budget, stronger GST and stamp duty receipts have helped shrink the deficit to $1.8 billion in 2020-21. Duty revenue is expected to grow by 16.9 percent in 2020-21, with total collections estimated to be $214 million higher than estimated as part of the 2020-21 Budget. Growth in 2020-21 appears to reflect the stronger residential property market activity due to the Commonwealth Government’s ...

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Authors: Jenny Lee, Mark Latham

Published Date: 23 June 2021