NSW budget: treasurer sets scene for restraint as state faces $10bn deficit over four years
Hopes of return to surplus dashed as Labor blames ‘unfair’ GST carve-upFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe New South Wales government has revealed that the state will be $14bn worse off over the next four years than it had previously forecast as it is now expecting the budget to be in deficit until at least 2027.With hopes of a return to surplus dashed, the government is now expecting a $3.6bn deficit in the coming 2024-25 financial year, according to a budget excerpt circulated by state Treasury on Monday.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
Hopes of return to surplus dashed as Labor blames ‘unfair’ GST carve-up
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The New South Wales government has revealed that the state will be $14bn worse off over the next four years than it had previously forecast as it is now expecting the budget to be in deficit until at least 2027.
With hopes of a return to surplus dashed, the government is now expecting a $3.6bn deficit in the coming 2024-25 financial year, according to a budget excerpt circulated by state Treasury on Monday.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
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