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Insights

NSW Budget 24-25: High Level Summary

Updated: Jun 19, 2024

😀 Happy:


  • 🏠 Social Housing Tenants: 🏡 $5.1B for homes, 🛠️ $1B for repairs

  • 👨‍⚕️ Doctor Visits: 💉 Payroll tax rebate for bulk-billing GPs

  • 🏘️ Homeless Services: 🏠 $527.6M for emergency housing

  • 👷‍♂️ Essential Workers: 💵 $1000 cost-of-living adjustment

  • 🏥 Regional Health Workers: 🏘️ $200M for accommodation

  • 🚑 City Essential Workers: 🏡 $450M for subsidised housing

  • 🚆 Western Sydney Commuters: 🚊 $2B for Parramatta Light Rail

  • 🏡 Renters: 🏠 $8.4M for NSW Rental Taskforce



😐 Not Happy:


  • 📉 Consultants: 🔍 Reduction in spending, jobs in-house

  • 🚒 Firefighters: ⏳ waiting on pay rise

  • 🚗 New Car Buyers: 💸 Extra $32M in vehicle taxes

  • 👔 Politicians: ❄️ Continued wage freeze to continue

  • 🧒 Those Working with Children: 🆙 Check cost increase

  • 🏥 Private Health Insurers: 💵 Crackdown on billing, $490M expected

  • 🐜 Fire Ants: 🐜 $55M for eradication, 🐝 $36M for beekeepers

  • 🌏 Foreign Property Buyers: 🏡 Duty surcharge 🆙 from 8% to 9%


Mr Mookhey has vowed not to impose austerity on the state despite the NSW budget remaining in deficit for the next four years.


 
 
 

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