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New South Wales Economic Report – May 2024

MFAT reviews the New South Wales economy, one about twice as large as New Zealand. It has opportunities for NZ and is dealing with challenges similar to ours ....

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Property prices, GST boost state budgets by $7b


Property prices, GST boost state budgets by $7b
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State government budgets are a collective $7 billion better than expected as rapidly recovering housing markets and consumer spending lift goods and services tax and stamp duty collections run ahead of forecasts.
Federal estimates of GST collections are already $5.9 billion ahead of where they were forecast to be just three months ago, while stamp duty estimates have improved in every state by more than a combined $1.5 billion compared to past figures.
Consumers are feeling wealthier and spending more. 
Justin McManus
The improved budget positions reopen the debate around fiscal discipline, the need to reduce debt and spending and peg back lost credit ratings. ....

New South Wales , Dominic Perrottet , Joanne Seve , Moody Investors Service , Australian Financial , Half Yearly Budget Review , Transfer Duty , Western Australia , Investors Service , புதியது தெற்கு வேல்ஸ் , ஜொவந் ஸெவ்ய் , மனநிலை முதலீட்டாளர்கள் சேவை , ஆஸ்திரேலிய நிதி , பாதி ஆண்டு பட்ஜெட் விமர்சனம் , பரிமாற்றம் கடமை , மேற்கு ஆஸ்திரேலியா , முதலீட்டாளர்கள் சேவை ,