News

Our Plan for a Stronger Economy Delivers for New South Wales

Source: Marise Payne, Liberal Senator for New South Wales
Archived 4 Jun 2019 - Posted: 5 Apr 2019
The 2019-20 Budget is the next stage of the Morrison Government’s plan to build a stronger economy and secure a better future for all Australians.

Senator for New South Wales and Minister for Foreign Affairs, Marise Payne, said the Budget delivers the first surplus in more than a decade, creates more jobs, lowers taxes and guarantees essential services like schools, hospitals and roads.

“After more than a decade of deficits, this budget forecasts a surplus of $7.1 billion in 2019-20 – a $55.5 billion turnaround from the deficit we inherited seven years ago,” Senator Payne said.

The Government’s strong budget management allows us to invest in lower taxes and essential services for New South Wales, including:

  • Delivering an additional $158 billion in income tax relief for hard-working Australians, on top of the $144 billion in tax cuts locked into legislation last year. This includes immediate tax relief of up to $1,080 for low and middle income earners and up to $2,160 for a dual income couple to ease cost of living pressures, benefiting 3.16 million people in New South Wales.
  • Backing small business by increasing the Instant Asset Write Off to $30,000 and expanding its access, benefitting 1.1 million businesses in New South Wales.
  • Guaranteeing the essential services people in New South Wales rely on.
    • To assist with their next power bill and the cost of living, the Morrison Government will provide a one off, income tax exempt payment of $75 for singles and $125 for couples to more than 3.9 million eligible social security payment recipients across Australia.
    • The Budget provides record levels of funding for public hospitals in every state. Payments to New South Wales for public hospitals have increased by 59 per cent, from $4.3 billion in 2012-13 to $6.8 billion in 2019-20. Health funding for New South Wales increases by $1.1 billion between 2019-20 and 2022-23.
    • For schools, record funding for NSW will increase from $6.2 billion in 2019 to $10.1 billion in 2029, ensuring teachers have the support they need to prepare students for the future. The Budget also includes $30 million for the Local School Community Fund that will allow communities to fund projects such as upgrades to libraries, classrooms and play equipment.
  • Delivering a record infrastructure investment of $100 billion over the next decade, getting families home sooner and safer and unlocking the potential of our regions. This includes an additional $7.3 billion over the next decade for new land transport infrastructure projects in NSW, bringing total infrastructure investment in the state to more than $32 billion from 2013-14.

“This Budget is about easing cost of living pressures, guaranteeing essential services and building new congestion-busting infrastructure to ensure families in New South Wales can get home easier and safer,” said Senator Payne.

“This is all possible because of the Morrison Government’s strong economic and budget management.”

 
SADIG - Sydney Aerospace & Defence Interest Group SADIG - Sydney Aerospace & Defence Interest Group SADIG - Sydney Aerospace & Defence Interest Group Join Now

Recent News

Budget Direct Launches Bushfire Recovery Fund to Assist Bushfire Affected Communities
Budget Direct Launches Bushfire Recovery Fund to Assist Bushfire Affected Communities
Budget Direct launches Bushfire Recovery Fund with grants of up to $20,000...
Chris Winspear of Blacktown to be Honored as Winner of Worldwide Writing Contest
Chris Winspear of Blacktown to be Honored as Winner of Worldwide Writing Contest
Celebrities, Best-Selling Authors, Famous Artists to Fete
Newcomers...
Let the Good Times Be-GIN at Harbord Diggers
Let the Good Times Be-GIN at Harbord Diggers
Following the success of its rosé and beer festival events, Harbord Diggers...
Rock Relief at Brookvale Oval Cancelled Due to Extreme Weather
Rock Relief at Brookvale Oval Cancelled Due to Extreme Weather
We are saddened to announce that due to the extreme weather experience...
One of the World's Largest Scientific Weight Loss Studies Reveals the Key to Three Times More Weight Loss
One of the World's Largest Scientific Weight Loss Studies Reveals the Key to Three Times More Weight Loss
One of the world’s largest weight loss studies by CSIRO, Australia’s national...

What's New

V-Move Removals
V-Move Removals
V-Move Removals Make your move easy with our experts
Wild Ropes Challenge @ Taronga Zoo
Wild Ropes Challenge @ Taronga Zoo
Wild Ropes Taronga Zoo The wildest views of Sydney come to life on Taronga Zoo's sky high adventure, Wild Ropes.
Rapid Building and Pest Inspections
Rapid Building and Pest Inspections
Rapid Building Inspections Pty Ltd Expert inspectors: our inspectors are all qualified tradesmen and licensed pest inspectors. Call now.
Accommodation near Ryde-Parramatta Golf
Accommodation near Ryde-Parramatta Golf
Red Star Hotel West Ryde The Red Star Hotels West Ryde is located in the heart of Sydney's north-west suburb West Ryde
Section menu

Have You Visited

Announcement
Visit Scenic WorldLocated in the World Heritage-listed Blue Mountains, Scenic World offers a self-guided nature-based experienceView Scenic World »