NewsBite

SA budget

June

South Australian Treasurer Stephen Mullighan.

SA Labor says budget cash handout won’t hurt RBA inflation fight

SA Treasurer Stephen Mullighan is adamant a $52 million one-off bonus payment to 25pc of households in June won’t fuel inflation.

  • Simon Evans
South Australian Treasurer Stephen Mullighan.

Winners and losers in South Australia’s budget

About one in four households will share in a $51.5 million one-off cash payment over the next three weeks, with low-income households getting the $243.90 bonus.

  • Simon Evans
More for buyers: SA Treasurer Stephen Mullighan, left.

SA removes stamp duty for first home buyers on all new builds

The pre-budget announcement is a concession that soaring house prices have sabotaged the effectiveness of last year’s more modest exemption.

  • Michael Bleby

June 2023

The stamp duty exemption measure, effective immediately, brings stamp duty relief of up to $29,580 to new home buyers at a price tag of $650,000.

First home buyer stamp duty scrapped in SA overhaul

SA Treasurer Stephen Mullighan is desperately hoping the RBA won’t lift rates again because household capacity to pay is severely stretched.

  • Simon Evans
How it looked two years ago: The burnt-out shell sold for $655,000 in December 2020.

The winners and losers in the SA budget

First home buyers purchasing a new home worth up to $650,000 are big winners in the SA budget, and won’t pay any stamp duty, saving $29,580.

  • Simon Evans
Advertisement
Stephen Mullighan.

SA treasurer cuts growth forecasts for next two years

South Australian Treasurer Stephen Mullighan says there are tougher times ahead, with consumer spending starting to slow.

  • Simon Evans

June 2022

SA credits renewable investment with keeping power prices low

South Australian Treasurer Stephen Mullighan said heavy investment in renewable energy over the past few years has put the state in a better position to withstand soaring power prices.

  • Simon Evans
Tradies, and small business are winners from the SA budget 2022.

Winners and losers from the SA budget

SA Treasurer Stephen Mullighan’s first budget after Labor’s state election win had heavy spending on health and infrastructure.

  • Simon Evans

March 2022

Queensland Treasurer Cameron Dick and Premier Annastacia Palaszczuk arrive for last year’s budget press conference.

Letters: Putting Queensland’s debt into perspective

State debt in Australia, Albanese’s election dilemma, Reserve Bank review, hydrogen versus gas, South Australia’s option, Clive Palmer’s promise.

Stephen Mullighan says he will be a safe pair of hands as Treasurer in SA should the ALP win the election because he understands the importance of financial discipline.

SA’s treasurer-in-waiting promises financial discipline

Labor’s Stephen Mullighan, who was at Deloitte Access Economics a decade ago, says economic expansion is crucial in paying down debt.

  • Simon Evans

June 2021

The debt load is manageable, says the Treasury Secretary.

Total Australian state and federal government debt to double to $2trn

Total state government net debt is forecast to triple in coming tears, leaving a large bill for future generations.

  • Ronald Mizen and Finbar O'Mallon
Treasurer Dominic Perrottet is congratulated by colleagues in the NSW Parliament on Tuesday after reading his annual budget speech.

Virus management, housing boom boosts NSW budget recovery

The strong performance of NSW’s public finances stand out. But the claim this was reforming budget is a stretch.

  • The AFR View
South Australian Treasurer Rob Lucas has delivered his final state budget.

SA budget winners and losers

The winners from the South Australian budget outweigh the losers by a big margin as spending on health, education and infrastructure is ramped up.

  • Simon Evans
SA Treasurer Rob Lucas says he’s normally a miserable pessimist but he’s very optimistic about the state’s economic prospects.

SA eyes surplus after speedy recovery

Treasurer Rob Lucas says SA will be back in the black faster than Queensland, NSW and Victoria after a rebound from a $4.7 billion COVID-19 hit.

  • Simon Evans
Rob Lucas: “We’re looking at a pro-growth and pro-jobs strategy.”

SA Treasurer says growth to hit 3.5pc in 2021-22

Rob Lucas says debt in South Australia is projected to be $33.6 billion in 2024-25, but there is a return to a small surplus earmarked for 2022-23.

  • Simon Evans
Advertisement

November 2020

While NSW Treasurer Dominic Perrottet's stamp duty reform proposal stole most of the headlines, the state's budget also revealed a growing debt pile.

NSW debt burden may force RBA's hand

The cost of borrowing is rising again for governments, after it had been coming down consistent with the purpose of the RBA's bond-buying program.

  • Matthew Cranston
Europe has been ahead of the curve in the adoption of electric vehicles.

Car leasing group Eclipx to push hard on electric vehicles

CEO Julian Russell says it will be on the front foot with electric vehicles and hybrids for corporates, as activity levels rebound.

  • Simon Evans
Tradies will be much busier in South Australia.

SA budget winners and losers

Electric vehicle owners in SA will pay a road user charge from mid-2021 and tradies will be busy with an $850m injection into maintenance and upgrade spending.

  • Simon Evans
SA Premier Steven Marshall

Electric car owners to pay road user charges in SA from 2021

SA will be the first state to make electric vehicle owners pay their way, as the Treasurer unveiled a big-spending 'high-vis' budget in which debt will rise to $33 billion.

  • Simon Evans
SA Premier Steven Marshall says the $4 billion stimulus package has a large 'hi-vis'' component but the strong management of COVID-19 in SA is a big selling point for the state.

SA aims to poach from interstate as stimulus doubles to $4b

Premier Steven Marshall says the robust management of COVID-19 is a big selling point for the state as he chases companies to come set up shop.

  • Simon Evans

Original URL: https://www.afr.com/topic/sa-budget-1n2c