NSW Government to hand down 2023/24 Budget in September

·

NSW Treasurer Daniel Mookhey today announced the NSW Government will hand down the 2023-24
Budget in September.

The Budget will be informed by a Comprehensive Expenditure Review, which is needed to give an accurate picture of the state of the NSW Budget. This review will be led by Minister for Finance
Courtney Houssos.

Mr Mookhey also announced today a Strategic Infrastructure Review of significant capital works, to be led by Ken Kanofski and supported by Infrastructure NSW.

Treasury has advised the Government in recent weeks of “difficult to avoid pressures” on the
Budget, which must be addressed.

“We have been left with around $7 billion of difficult to avoid pressures over the next four years,
including in an unfunded nursing workforce program, Out of Home Care and in the office of cyber
security,” Mr Mookhey said.

The Treasurer will update the people of NSW via an Economic Statement to the Parliament in June.

The September Budget timing is consistent with the practice of previous incoming governments, for
example the first Baird Budget, delivered in September 2011 following a March election.

“I have been receiving briefings from Treasury Officials and I have met with stakeholders over the
past few weeks,” Mr Mookhey said.

“I’m going to be honest with the people of NSW – we are inheriting significant economic challenges and difficult to avoid pressures on the Budget, including unfunded government programs.

“We also know that the former government has handed over to us the largest debt in our State’s
history.

“We have high inflation, higher interest rates, historic debt – and this is about painting a full and
honest picture of what is really going on.”

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Alpha restaurant to host centenary celebration honouring Mikis Theodorakis

On Sunday, August 24 at 12pm, Alpha restaurant will host 'Centenary Tribute to Mikis Theodorakis' featuring the Australian Hellenic Choir.

Phlavour Revolution: Greek duo deliver home-cooked goodness to your doorstep

The duo behind restaurant Bahari in Richmond have recently launched a new venture, called Phlavour, ‘Mediterranean Ready Meals.’

Webinar for Greeks abroad tackles key tax issues and draws hundreds

The first TaxWebinar dedicated exclusively to Greeks abroad and tax residents of other countries was held on Wednesday, July 9.

From passports to tax reform: Loverdos sets agenda ahead of Australia visit

Loverdos has confirmed that he will be visiting Australia from 8 to 26 October, acknowledging the government’s absence from the country.

‘I’m not done yet’: Ange Postecoglou reflects on heritage and coaching dreams

Ange Postecoglou sat down with The Greek Herald to reflect on his philosophy and his cultural heritage. Read the interview here.

You May Also Like

Greek Australians honoured on Australia Day react to being recognised for their service

The Greek Herald spoke to the Greek Australians honoured on Australia Day to get their thoughts on how it feels to be recognised.

SA student Chloe Tziavrangos aces the International Baccalaureate

The state's best International Baccalaureate (IB) students are celebrating year 12 success, with one from Greek heritage - Chloe Tziavrangos.

AEK Athens and PAOK impress in tough Europa League clashes

Thessaloniki based team PAOK managed to defeat 3rd placed Dutch side PSV 4-1, meanwhile AEK Athens came home with a similar 4-1 win against Zorya Luhansk.