NSW Budget Reveals Record Deficit

NSW just unveiled a $133 billion budget — bigger than last year thanks to pandemic spending and economic growth. Health gets the biggest slice ($36B), followed by education ($26B) and transport ($17B). But revenue’s shaky: property income’s down due to rate hikes, and payroll tax is their new hope. A $2.3B deficit looms — double the forecast — fueled by cost-of-living measures like frozen fares. This marks eight straight years of deficits, the longest streak ever. Economic growth’s slowing, unemployment’s rising, and inflation could make things worse if rates keep climbing. Support the show:Get a discount at https://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/82d3dad7285ca1ed