19.2 C
Byron Shire
March 6, 2021

A booming budget but NSW props up nation

Latest News

Not quite ‘too late’

Desmond Bellamy, PETA Australia Sir David Attenborough, the world’s most famous naturalist, has just addressed the United Nations Security Council to...

Other News

Heritage Bruns?

David Kolb, Brunswick Head When Mathew O’Reilly spoke to Council regarding heritage listing for parts of Brunswick Heads he was quoted...

Be proud of Ballina, help clean up our beaches

This Sunday, 7 March, Ballina Coastcare is inviting everyone who cares about Ballina's environment to Step Up To Clean Up, and join a special event for Clean Up Australia Day.

Helping Our Kids, help our kids

The Lismore Samson Fitness Challenge kicks off tonight in Lismore with the express aim of raising much-needed funds for the Our Kids charity.

Suffolk Park pump track

Jinesh Attard, Suffolk Park Many in the local community of hillside Suffolk Park have come to understand the impact the pump...

FB censorship

Dean Jefferys, Mullumbimby I feel concerned about the level of censorship on FB, Instagram, YouTube, MSM, local online groups and elsewhere...

Soli becalmed in NSW Pro surf series

Local surfer Soli Bailey has finished in second place at the Mad Mex Maroubra Pro World Surf League Qualifying Series event held at Sydney’s Maroubra beach last weekend.

NSW has posted a massive $4.5 billion budget surplus, splashing out on infrastructure, health and education but as the economic powerhouse of the nation, it will receive a smaller slice of the GST pie and foot the bill for other states.

The healthy result for 2016/17 was largely thanks to Sydney’s white-hot property market and sales of the state’s electricity networks.

With the state’s books sitting comfortably in the black for the next four years, treasurer Dominic Perrottet set aside $72.7 billion for state infrastructure.

Roads and rail will be boosted including the controversial WestConnex project, which will recieve $3.2 billion alone.

About $2.2 billion will go towards 123 new and upgraded schools to cope with surging enrolments.

Regional infrastructure will receive $1.3 billion, palliative care will be boosted by $100 million and the Prince of Wales Hospital in Sydney’s East will grab $720 million.

Mr Perrottet described a new $100 rebate for school-aged children to spend on recreational sport as the “soul of the budget” while first home buyers will see stamp duty scrapped on homes up to $650,000.

But there are financial storm clouds on the horizon.

The surplus forecast drops to $2.7 billion in 2017/18, with growth to average 1.8 per cent over the next four years to 2020/21.

GST revenue has meanwhile been revised down by $1.4 billion to 2019/20, with NSW’s share reaching a historic low.

The numbers have prompted the treasurer to take a swipe at Canberra.

“It’s completely unfair on the state of NSW that we’re paying a wages bill for the Queensland public service … and are paying over a $1 billion in 2021 for South Australians who can’t even keep their lights on,” he said.

More privatisations are in store to pay for future infrastructure, including the sales of the WestConnex and the state’s stake in the Snowy Hydro scheme to the federal government.

Labor leader Luke Foley claims the budget is out of touch with battling NSW families and many of the government’s announcements are “a cruel hoax”, with most of the hospital projects not scheduled for completion until the mid-2020s.

Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.


Please enter your comment!
Please enter your name here

Suspicion and belief

Fast Buck$, Coorabell My suspicion is that the mayor and the senior staff have been helping Michael Lyon become electable as mayor by scripting his...


I Menahemi, Myocum In his editorial Hans Lovejoy says – ‘the optics from The Echo have been and hopefully always will be independent.’ As long as more...

Suffolk Park pump track

Jinesh Attard, Suffolk Park Many in the local community of hillside Suffolk Park have come to understand the impact the pump track will have on our...

New Greens team

Matthew O’Reilly President of CABS and a proud member of the NEW Byron Greens team It seems that some readers have taken my comments on the...