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TREASURER CONFIRMS 2021-22 BUDGET DATE

Published: (Updated: ) in Australian News by .

Treasurer Dominic Perrottet has announced the 2021-22 NSW Budget will be handed down on Tuesday, 22 June 2021. The Budget will return to its traditional timing of mid-June after last year’s Budget was deferred until November due to COVID-19. Mr Perrottet said he was looking forward to delivering the 2021-22 NSW Budget in five weeks, … Continue reading “TREASURER CONFIRMS 2021-22 BUDGET DATE”

Treasurer Dominic Perrottet has announced the 2021-22 NSW Budget will be handed down on Tuesday, 22 June 2021.

The Budget will return to its traditional timing of mid-June after last year’s Budget was deferred until November due to COVID-19.

Mr Perrottet said he was looking forward to delivering the 2021-22 NSW Budget in five weeks, and foreshadowed a positive outlook for the state’s economy.

“Twelve months ago we were taking the first tentative steps out of lockdown and at the same time facing forecasts by the Commonwealth of unemployment as high as 15 per cent and predictions of economic Armageddon,” Mr Perrottet said.

“The NSW Government responded with an unparalleled package of measures including tax relief worth billions, grants of up to $10,000 to assist small businesses and a focus on continued infrastructure investment and jobs creation.

“We approached the pandemic with a dual focus, keeping people safe and the economy and NSW borders open, and things are looking much brighter now.”

Unemployment in NSW is currently at 5.4 per cent, down from a high of 7.2 last year as more than 270,000 thousand people returned to work.

At the same time consumer confidence is at the highest level in 10 years while the recent NAB business survey recorded its highest business confidence reading ever in NSW.

Mr Perrottet said the Government had committed $29 billion towards health, economic and social support measures since the pandemic began and would continue to invest in supporting people and creating jobs through its $107 billion infrastructure program.

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“Every step of the way we have worked with business and the community through events such as our business summits and constant consultation,” Mr Perrottet said.

Source: 16 News http://www.16news.com.au/index.php/2021/05/18/treasurer-confirms-2021-22-budget-date/

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