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NSW Treasurer confirms budget to be handed down on 22 June

Karen Tan
19 May 2021 1 minute readShare
NSW Treasurer confirms budget to be handed down on June 22

NSW Treasurer Dominic Perrottet has announced the 2021–22 NSW budget will be handed down this year on Tuesday, 22 June 2021, in five weeks’ time.

That’s a return to the usual budget release date, after it was deferred last year until November due to the impacts of COVID-19.

Mr Perrottet has forecast a positive outlook for the NSW economy, which is welcome news compared to what the state experienced this time last year.

“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.”

The current NSW unemployment rate stands at 5.4 per cent, down from the peak 7.2 per cent last year, as more than 270,000 workers returned to jobs.

“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,” the state Treasurer continued.

The Treasurer indicated consumer confidence is becoming more buoyant and is at the highest level in 10 years.

“Since the pandemic started, the NSW government committed $29 billion towards health, economic and social support measures,” he said.

Mr Perrottet said the state government would continue to invest in supporting people and creating jobs through its $107 billion infrastructure program.

“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.

In an encouraging sign of positivity, a recent NAB business survey recorded its highest business confidence reading ever in NSW.

NSW Treasurer confirms budget to be handed down on 22 June
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Karen Tan

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