GST Deal Turning into $60B Bill | Sydney News

A once-“cheap fix” GST deal designed to appease Western Australia is now projected to cost nearly $60 billion by 2030 — a staggering leap from the original $2.1 billion estimate. Originally meant to boost WA’s share and encourage tax system reform, the arrangement has ballooned due to a taxpayer-funded guarantee triggered by WA’s post-recession push for fairness. Now, most states want to scrap or overhaul it, while WA insists it’s still paying its fair share — especially with high iron ore prices helping the federal budget. The Productivity Commission’s upcoming report will ignite fierce debate over how Australia funds itself. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a8be0cd5415a08c9