State surpluses on the slide as spending lifts

Original article by Anthony Klan, Brad Norington
The Australian – Page: 5 : 19-Dec-18

The New South Wales government’s mid-year budget review shows that it now expects to post a surplus of $1.1bn for 2018-19, compared with a forecast surplus of $1.4bn in the June 2018 Budget. The government has also scaled back the projected surpluses for the following three financial years. A $4.04bn increase in government spending over the next four years is the major contributor to the lower surplus forecasts. The downturn in Sydney’s property market is expected to result in stamp duty revenue falling $2.5 billion over four years.


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