21 June 2022 - New NSW budget focuses on women and housing
Winners and losers in the NSW budget
Lucy Cormack (The Syndey Morning Herald, 21/06/2022)
First home buyers, parents and women gained the most from the budget as public sector workers missed out and key infrastructure projects were put on ice. Here are the winners and losers.
Analysis: NSW budget to focus on women and housing
(Sky News Australia, 21/06/2022)
The New South Wales Budget has been delivered, focusing on reforms targeting workplace participation, lifting productivity and assisting families with cost of living expenses.
An investment of $2.8 billion in housing will help first home buyers into the market, with the option to bypass stamp duty and pay a broad-based land tax.
Women were another key focus of this budget, with $5.6 billion to be invested over 10 years for improvement in workforce participation and childcare subsidies.
Essential workers’ home buyer scheme welcomed amid wider crisis
Sue Williams (The Syndey Morning Herald, 20/06/2022)
A plan to help teachers, nurses, police officers and single parents buy homes in partnership with the NSW government has been welcomed for offering a much-needed helping hand but comes with a warning it could push up prices.
Premier Dominic Perrottet on Sunday announced a two-year trial of a $780.4 million shared equity scheme to help essential workers buy a home closer to where they work and want to raise a family.
NSW budget deficit more than triples to $11.3 billion
Tim Swanston (ABC News, 21/06/2022)
The state's forecasted budget deficit has more than tripled, as the NSW government seeks to embark on major economic reforms while grappling with COVID-19 and disaster spending.
Dominic Perrottet's government has handed down its first budget, as he and Treasurer Matt Kean look to make their mark on both the economy and voters nine months ahead of an election.