2024/25 NSW budget forecasts no surplus due to GST carve-up, focusing on essential services like education and healthcare.
NSW Treasurer Daniel Mookhey's second budget forecasts no surplus in 2024/25 due to a GST carve-up stripping billions from the budget, threatening a triple-A credit rating. The state will focus on essential services such as education and healthcare, with $1bn for school maintenance, $3.4bn for health facility upgrades, and $200m incentive for councils constructing homes. Despite the financial challenges, Mookhey remains confident that the government will continue funding necessary projects.
June 14, 2024
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