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The AFR View

Mookhey’s NSW budget misinformation

The truth is that NSW doesn’t have a revenue blackhole. It has a problem with limiting the size of government,

Like its Labor counterparts in Canberra, Victoria and Queensland, the NSW Labor government has handed down a bigger-spending expansionary budget that risks stoking inflation and putting pressure on the Reserve Bank to lift interest rates.

Tuesday’s budget shows that this year’s deficit has blown out to $9.7 billion. The surplus forecast for the next financial year is now a forecasted $3.6 billion deficit, with the next three budgets set to stay in the red.

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    Original URL: https://www.afr.com/politics/mookhey-s-nsw-budget-misinformation-20240618-p5jmmk