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NSW budget

This Month

The first budget from NSW Labor Treasurer Daniel Mookhey has won support from Moody’s.

NSW scores ratings win from Moody’s

NSW Treasurer Daniel Mookhey’s debt turnaround plan has been ticked off by analysts from one of the major ratings agencies.

  • Samantha Hutchinson

September

Businesses will need crystal ball to avoid NSW tax on restructures

Corporate groups including property developers large and small face increased duty risks in NSW from February 1 next year.

  • Matthew Cridland

The real challenge hiding in a low-key budget

The NSW budget’s promise of better service delivery is setting up a serious challenge for the new state government led by unassuming Chris Minns.

  • Samantha Hutchinson
Ready for industrial action: HSU Secretary Gerard Hayes with health workers Tess Oxley (right) and Dolly Borg.

Minns wages policy to be put to test by unions asking 30pc

Budget papers have revealed NSW’s uncapped wages policy could blow out initial estimates of $46 billion as unions prepare to ask for hefty pay rises.

  • Samantha Hutchinson
NSW Treasurer Daniel Mookhey says housing is one of the the biggest problems on people’s minds.

NSW uses fund for ‘transformative’ infrastructure for truck stops

A $1.5bn fund set up to build “once in a lifetime, transformative infrastructure” will be spent on regional roads, an aged care facility upgrade, and ambulance bases.

  • Samantha Hutchinson
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Swinging the axe: NSW Treasurer Daniel Mookhey

Mookhey cops ratings agency doubts about budget surplus pledge

Ratings agencies have poured doubt on NSW Treasurer Daniel Mookhey’s pledge to return NSW’s finances to surplus after his first budget revealed almost $8 billion to boost public sector wages and baked in expensive election promises.

  • Updated
  • Samantha Hutchinson
Suburbs

NSW’s infrastructure focus will create more homes, developers say

Developers have praised the Minns government’s first budget as its housing plan has primarily focused on upgrading infrastructure to make it easier to build.

  • Campbell Kwan
While more property buyers and workers will deliver a windfall to NSW Treasurer Daniel Mookhey’s first budget, many of the state’s residents won’t be feeling so well off.

The secret behind NSW’s tax and spend budget

A population surge of more than half a million into the state will deliver the budget more tax revenue from property owners and employers hiring workers.

  • John Kehoe

Rising house prices help deliver extra $14.4b to NSW

Growing home-buying activity has led to the NSW government posting stronger stamp duty and land tax revenue than expected.

  • Campbell Kwan
NSW budget housing.

Mookhey uses property developers to solve a social problem

The state budget takes modest steps to deliver more homes in the intransigent Sydney suburbs where people want to live the most, using a tax on construction.

  • Aaron Patrick
A good budget ... if you live in western Sydney or make up one of the state’s 450,000 public sectors workers

The winners and losers in the NSW budget

Coal miners, EV drivers and property investors will pay the price for Treasurer Daniel Mookhey’s first stab at budget repair. Public sector workers, first home buyers and regular toll road users will do better.

  • Samantha Hutchinson
NSW Treasurer Daniel Mookhey.

Mookhey plots NSW’s return to surplus in two years

The state’s treasurer is promising voters “immediate assistance ... with long-term reform” in the Minns government’s first budget.

  • Updated
  • Samantha Hutchinson
NSW treasurer Daniel Mookhey

Mental health compo drives $2.5bn hit to NSW Budget

Rising costs and liabilities in the government’s insurance schemes will lengthen the odds of a surplus in coming years.

  • Samantha Hutchinson
NSW Treasurer Daniel Mookhey must shift the trajectory of deficits and debt, while managing the soaring cost of major infrastructure projects and the consequences of rash election promises such as removing the cap from public sector wage increase.

First big policy test for NSW Labor is budget repair

The Minns government has a major task ahead of it to stabilise NSW’s growing debt and avoid a credit downrating for the second most debt-burdened state.

  • Robert Carling
NSW premier Chris Minns.

What to expect in the NSW budget

The NSW Labor government has flagged a raft of big-ticket spending items as it prepares to hand down its first budget since 2010.

  • Maeve Bannister
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NSW Treasurer Daniel Mookhey

Mookhey clears runway for AAA credit rating loss from NSW budget

Treasurer Daniel Mookhey has signalled the NSW government is prepared to lose its top-tier credit rating, arguing its impact on the cost of debt is falling.

  • Samantha Hutchinson
NSW premier Chris Minns.

Time for NSW premier to act has arrived

Tuesday’s budget represents an opportunity for the state’s first Labor government in a decade to define itself as more than a reaction to the Coalition.

  • Samantha Hutchinson

Affordable housing mandates would backfire, developers say

As Australia’s largest states gear up to reform their planning systems, there’s a battle under way over how far the changes will go.

  • Michael Bleby
Electricity transmission towers close to the Eskom Holdings Acacia electrical substation in the Monte Vista district of Cape Town.

NSW’s AAA rating at risk as energy transition stalls

Energy policy and new government-led investments in the state’s energy infrastructure could make-or-break it’s two AAA credit ratings, analysts say.

  • Samantha Hutchinson
NSW Treasurer Daniel Moohkey.

NSW’s $108b TCorp faces shake-up under plan to slash debt

Treasurer Daniel Mookhey will order a consolidation of six funds and stop borrowing billions of dollars to invest in financial markets.

  • John Kehoe