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Federal Budget Insights 2021-22

Growth

NSW Budget 2021-22 Insights

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The New South Wales Budget 2021-22 is being framed as a COVID-19 response, ten years in the making. 

Treasurer Dominic Perrottet has hailed a decade of sound economic management as the enabler of a Budget able to shield the state through a profound external economic shock.

Now, the New South Wales Government maintains the state is back from the depths of the deepest recession in our lifetime - back to growth, and back on track.

The Budget delivers spending on infrastructure, digitisation, initiatives to drive electric vehicle uptake, as well as a host of new and existing stimulus measures.

On fiscal measures, the Budget demonstrates the New South Wales economy is equally robust to weather the storm of the COVID-19 economic downturn, but attention must now turn to how the economy can be reloaded and restocked for the next unexpected headwind.

The New South Wales Government remains committed to an agenda of reform to enhance productivity, but all eyes will be on policy-makers across the country in the months to come as to whether a coordinated national approach can drive post-pandemic growth.

NSW Budget at a glance

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Sarah Butler

NSW Government and Australia Health Leader, PwC Australia

Tel: +61 2 8266 5091

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