The NSW Budget has been handed down in what is described as the “biggest cash splash in years”.

In the lead-up to the budget, the government announced more than $40 billion in new spending.

The NSW Government is setting the stage for the state’s prosperity, delivering a transformational budget that will aim to secure a brighter future by offering support for families and businesses.

2GB State Political Reporter Clinton Maynard told Deborah Knight there will be a bigger deficit next year.

HEALTH

• A $4.5 billion boost is set to help the struggling health sector in efforts to recruit more than 10,000 nurses, doctors, and other staff to the state’s hospitals and health services.
• More than $740 million will be spent on improving palliative care as well as $883 million to attract and retain health workers in rural and remote areas of NSW.

WOMEN, CHILDREN, EDUCATION

• A whopping $16.5 billion is set to be spent over 10 years in order to “break the barriers” to create more opportunities for women and children.
• Women experiencing symptoms of menopause will have access to specialist hubs offering care under a $40.3 million program.
• Affordable and accessible childcare will be created.
• A ‘back to school’ voucher of $150 per child will help with the costs of school supplies for Term 1 next year.

COST-OF-LIVING PRESSURES

• Payroll tax rates returned to pre-COVID levels.
• First home buyers will have the choice of paying up-front stamp duty or an annual land tax.
• $2.8 billion will be spent to help more families find homes.
• An extra $728.6 million will be set for tax reform to help people own their first home.

ELECTRICITY

• $1.2 billion is set to be spent in order to establish the Transmission Acceleration Facility.
• The facility will allow investments in the electricity system and build renewable energy zones.

FAST RAIL VISION

• A $500 million commitment will bring faster rail a step closer, along with quicker and more reliable connections between Sydney, the Central Coast and Newcastle.

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