State and territory treasurers have rejected a radical proposal from NSW Premier Chris Minns to carve up the GST on a per-person basis, with only Western Australia offering its support to a policy that would give billions in extra revenue to the larger states.
On Thursday, Mr Minns proposed abandoning the long-held principle that richer states should prop up poorer ones after the Commonwealth Grants Commission announced on Tuesday that NSW’s GST allocation would be cut by $188 million in 2025.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
