New South Wales Budget 2024

The NSW Budget prioritises the key issues of housing, health and addressing cost of living pressures, but it also includes an increase in foreign investor surcharges and the freezing of land tax thresholds, as outlined by Jenny Lee, Jane Crisp and Varun Prasad.

The New South Wales (NSW) Budget was delivered by the Treasurer Daniel Mookhey on Tuesday 18 June 2024 and includes a number of tax measures previously announced by the Treasurer on 15 June 2024. The State Government projects a deficit of $3.6 billion in 2024-25 which will gradually reduce to a deficit of $1.5 billion in 2027-28. This is largely attributed to the re-allocation of $11.9 billion in GST grant revenue away from the state. The Budget focuses on the key areas of housing, health and...

Sign in below or register now to read the full article

Authors: Jenny Lee, Jane Crisp,

Published Date: 19 June 2024