NSW Treasurer Daniel Mookhey has delivered a budget update to parliament, warning the state’s finances are unlikely to return to surplus as expected.
Key points:
- Treasurer Daniel Mookhey said inflation had impacted the state’s bottom line
- A casino tax hike has been pushed in New South Wales
- The Crown and The Star can expect them to come into effect in August
Previous forecasts showed a deficit of $7.1 billion next financial year, but a return to surplus of $300 million the following year in 2024-25.
Mr Mookhey said on Tuesday it would now be “very hard to hit those figures”.
“I want to be up-front with the fact that returning the budget to surplus is very, very difficult.”
In his financial statement, he cited inflation triggering a revaluatio…
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