LISTEN
Watch
on air now
Advertisement
Advertisement
Advertisement

NSW Treasurer defends ‘affordable, sustainable’ $100 billion debt

Article image for NSW Treasurer defends ‘affordable, sustainable’ $100 billion debt

The 2020-21 state budget has been delivered, and reveals a debt projection of $104.3 billion in 2023.

NSW Treasurer Dominic Perrottet told Jim Wilson the debt blowout is a “perfectly affordable, sustainable and appropriate response” to the current economic situation, and expects the budget to be back in surplus in 2024-25.

“I’ve announced $12 billion in savings in this year’s budget – that is the start of our fiscal repair program.

“Ministers are going to have to be disciplined to make sure every single taxpayer dollar is going towards the driving outcomes.”

Click PLAY below to hear the full interview

NSW shadow treasurer Walt Secord told Jim he’s taken an “open-minded” approach to the Budget, with the hope of achieving bipartisanship in the economic recovery effort.

“We’ve given our in-principle support to a discussion to work through this.

“We’re saying let’s listen to the community … we’re not just simply slamming the door shut today from the Opposition side.”

Click PLAY below to hear the full interview

Image: File

 

RELATED

State Budget delivered with astronomical $16 billion deficit and ‘radical tax reform’

Advertisement