Treasury figures released on Wednesday revealed a $344 million boost to the state’s bottom line since the budget was delivered in May.
Since introduced in 2019,market-led proposals have included the contentious Landgate building sale,Fremantle film studio announcement and Swanbourne station development proposal.
The 2013 downgrade of WA’s credit rating from AAA was the first time it had happened since the “WA Inc” era of the 1980s.
There are concerns the WA budget handed down on Thursday does little to address the rental crisis,particularly in the short term.
Mark McGowan has rivers of gold,a commanding parliamentary majority,ironclad caucus support and public popularity. If now is not the time for broader-reaching reforms,it’s unlikely it ever will be.
Booming iron ore prices,property sales and payroll tax revenue have allowed Premier McGowan to predict other states’ treasurers will be ‘green with envy’.
Despite major issues in global supply chains,material and labour costs,only a handful of projects are expected to have cost increases in the budget papers.
The state makes more money from iron ore than from land tax,stamp duty and payroll tax put together,but WA has a lot riding on one product to one market.
It’s not good news for climate change or social housing waitlists,however health and mental health services will receive record amounts of spending.
Premier and WA Treasurer Mark McGowan is today expected to hand down another multibillion-dollar surplus far exceeding its expectations of $2.45 billion for the 2021-22 financial year.
After months of increasing pressure over skyrocketing ambulance ramping figures and related scandal and tragedy,the government has announced a “genuine reform”.