New South Wales budget 2022-23 analysis

The 2022-23 Budget holds out hope for the reform of inefficient taxes and also targets greater equity and opportunity for the people of New South Wales.

The New South Wales (NSW) Government’s 2021-22 budget deficit is estimated at $16.5 billion, compared to the $8.6 billion it forecast in its June 2021 Budget, which preceded the re-imposition of COVID-19-related public health measures. However, there is an expectation of the operating balance returning to surplus from 2024-25. Net debt is not expected to exceed 14 percent of gross state product over the forward estimates period to June 2026. It is generally better to undertake reform at a ...

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Authors: Doug Ferguson, Alia Lum

Published Date: 22 June 2022