NSW Budget 2020-21 analysis

As detailed by Grant Wardell-Johnson and Doug Ferguson, the NSW Budget for 2020-21 has a strong focus on job creation, as well as introducing the prospect of some major tax reform.

The New South Wales (NSW) Government’s budget for 2020-21 projects a deficit of $16 billion to follow a deficit of $6.9 billion for 2019-20, but a return to surplus by 2024-25.There are some sobering figures here, but there is also much to be positive about.Reform of the stamp duty and land tax regimes is something that KPMG supported in its submission to NSW Treasury’s Review of Federal Financial Relations (FFR review) earlier this year.There is a fine balance between transitioning fairly in...

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Authors: Grant Wardell-Johnson, Doug Ferguson

Published Date: 18 November 2020