The state government is increasing its fees and charges by 25 per cent at the world’s largest bulk export port off the back of a record iron ore price but has ruled out pursuing a larger royalties chunk from the big miners.
The average basket of goods for a WA family will be increased by 1.6 per cent for the coming financial year.
Increased GST,funding for telescopes and an iron ore bonanza. This is what the budget means for WA.
Prime Minister Scott Morrison has taken credit for Western Australia’s multibillion-dollar budget surplus despite getting the total figure wrong in his first visit to the state in 19 months.
The WA border,skills shortages and sensible fiscal management are among the top end of town’s big ticket items.
The big reveal of the potential cost to the West Australian budget from the Liberal Party’s more than 200 campaign promises has been likened to a performance by the Three Stooges.
State budgets are on the horizon around Australia and we’re nearly all in the red. But if we were to default on our loan repayments,who would come calling?
Outgoing Treasurer Ben Wyatt labelled the impact on gross state product ‘negligible’ but the opposition and Chamber of Commerce and Industry still want targeted business grants.
Under Treasurer Michael Barnes said the better iron ore price had boosted royalty income over expectations and high activity in the real estate market resulted in increased revenue.
Governor Kim Beazley will benefit from $266,000 worth of extra security following a break-in at his official residence,while Optus Stadium walk cost blows out.
Debt is still forecast to crack $40 billion next year and will begin to drop in 2023-24 but the state's operating surplus has increased by $1 billion to $2.2 billion in 2020-21.