What to expect in the NSW state budget

Save articles for later

Add articles to your saved list and come back to them any time.

All the forecasting says the NSW state budget to be handed down by Treasurer Dominic Perrottet will be filled with plenty of sobering figures.

But putting the high unemployment and deficit figures aside, Mr Perrottet will announce some key measures the state government's hopes will both stimulate the pandemic-impacted economy over the next 12 months and save billions of dollars amid the crisis.

NSW Treasurer Dominic Perrottet will deliver the budget on Tuesday.Credit:Edwina Pickles

Here are some of those measures the Treasurer will deliver on Tuesday:

  • $500 million to give every adult in NSW $100 worth of vouchers for dining and entertainment;
  • $337 million for tutors for all public schools to help students struggling after months of home learning;
  • $120 million for a free preschool program for more than 44,000 three to five year olds;
  • $50 million in grants for pumped hydro projects;
  • $250 million in payroll tax savings for businesses from interstate that set up in NSW;
  • $1.8 billion in savings by capping public sector wages at 1.5 per cent;
  • $273 million in the single biggest investment to boost trade and expand the state's overseas presence;
  • $1.5 billion in coal royalties to be re-diverted to a sovereign wealth fund rather than used for recurrent spending in recognition that coal revenue will decline;
  • Payroll tax threshold will increase from $1 million to $1.2 million;
  • $10 million for grants up to $5000 to help get women back in work;
  • $46.8 million for 100 school-based nurses to support mental health;
  • $50 million for a new fund to support small community charities and not-for-profits;
  • $80 million for 300 new apprentices and cadets for the housing sector.

Start your day informed

Our Morning Edition newsletter is a curated guide to the most important and interesting stories, analysis and insights. Sign up here.

Most Viewed in National

Source: Read Full Article