Eight things Treasurer Mookhey doesn’t want you to know about the intergenerational report

Despite the Treasurer’s spin, today’s 2026-27 NSW Intergenerational Report (IGR) shows that NSW will be far worse off in 40 years’ time without serious and widespread reforms now.
 
The Treasurer claimed the State’s outlook is better now compared to five years ago when we were in the middle of a global pandemic, while ignoring the serious challenges that are only growing on his watch.
 
While the Treasurer has put the gloss on today’s report there are eight facts that he doesn’t want the people of NSW to know about the IGR.
 
1.      NSW’s fiscal position is unsustainable
The Treasurer claims that the report shows the long-term fiscal gap has been closed, but the document itself highlights that: “the state’s fiscal position is not on a sustainable path over the long run without changes to existing policy settings.”[1]
 
2.       NSW will pay higher taxes
The report also highlights that taxes will continue to grow faster than our economy in NSW, leaving residents paying more under Labor. The IGR itself says that: “taxation is the only component of revenue that is projected to materially exceed economic growth.”[2]
 
3.       NSW’s population is growing faster than expected
The 2021-22 NSW Intergenerational Report forecast NSW’s population in 2025 to be 8.413 million[3], but due to the Albanese Labor Government’s record unchecked migration levels, the most recent ABS population data for 31 December 2025 shows that the population in NSW was 8.641 million[4], an increase of 228,000 from projected.
 
The IGR acknowledges that this has increased housing pressure, noting that: “Post-pandemic, rapid population growth has also outpaced construction.”[5]
 
Meanwhile, the IGR expects one million people to leave NSW over the next 40 years due to housing unaffordability.[6]
 
4.       More businesses will pay payroll tax
When it comes to payroll taxes the report indicates that it is the Government’s policy to capture more businesses, “this threshold is assumed to remain fixed over the projection period, consistent with current policy, meaning more businesses will exceed the threshold over time[7].”
 
5.       NSW’s productivity rates are falling
In 2021-22 productivity was forecast to grow by 1.2%[8] per year over the next 40 years, but in today’s 2026-27 IGR, NSW’s productivity has been revised down to just 0.8%[9] annual growth, which is concerning when the report itself recognises that: “productivity growth is the primary driver of long-run living standards.”[10]
 
6.       Spending is growing faster than revenue
Expenditure growth is forecast to outstrip revenue growth and provide a fiscal sustainability challenge for NSW.
 
The report highlights that: “expenditure is projected to grow more quickly than revenue in the long term in the absence of policy change. This will weigh on the NSW Budget’s long-term outlook.”[11]
 
7.       Real gross state product per person is getting worse
While real gross state product (GSP) per person is forecast to grow at 35% over the next 40 years, that’s lower than the 70% growth over the last 40 years.
 
The previous IGR forecast real GSP to reach $139,000 by 2060-61,[12] while this IGR forecasts it will only reach $131,000 five years later in 2065-66.[13]
 
8.       Debt bomb looming
Over the IGR horizon gross debt is set to hit 89.9% and net debt is set to grow to 83.5% of GSP.[14]
 
Shadow Treasurer Scott Farlow said that the NSW Government needed to acknowledge that the 2026-27 IGR showed that significant reform needs to be urgently undertaken by the Minns Labor Government.
 
“The 2026-27 Intergenerational Report is sobering reading for the people of NSW, and it shows that things aren’t as rosy as Treasurer Mookhey would have you believe,” Mr Farlow said.
 
“Without significant and widespread reform the promise to the next generation of our State is that they won’t be seeing the same opportunities that their parents had and they’ll be paying more state taxes and left to bear an even greater burden of debt.”
 
“We know the Premier already has his eyes on the exit having declared earlier this year that he ‘won’t be here’ by 2032, and Labor’s lack of a long-term plan for our state’s economy is harming NSW’s future.”

[1] 2026-27 NSW Intergenerational Report, p. 6-21

[2] 2026-27 NSW Intergenerational Report, p. 6-10

[3] Attachment A, 2021 LGR Model Output, 2025

[4] Australian Bureau of Statistics, National, state and territory population, December 2025

[5] 2026-27 NSW Intergenerational Report, p. 3-2

[6] 2026-27 NSW Intergenerational Report, p. 2-2.

[7] 2026-27 NSW Intergenerational Report, p. 6-12

[8] 2021-22 NSW Intergenerational Report, p. 39

[9] 2026-27 NSW Intergenerational Report, p. 1-1

[10] 2026-27 NSW Intergenerational Report, p. 2-8

[11] 2026-27 NSW Intergenerational Report, p. 6-15

[12] 2021-22 NSW Intergenerational Report, p. 39

[13] 2026-27 NSW Intergenerational Report, p. 2-13

[14] 2026-27 NSW Intergenerational Report, Technical note and sensitivity tables, Table 4.2, p.24

Appeal to locate elderly man missing from New Lambton

Police are appealing for public assistance to locate an elderly man missing from the Newcastle area.

Sam Summut, aged 76, was last seen leaving a hospital on Lookout Road, New Lambton Heights, about 4.45pm today (Wednesday 26 August 2026).

When he could not be located or contacted, officers attached to Newcastle City Police District were notified and commenced inquiries into his whereabouts.

Police and family hold concerns for Sam’s welfare as he lives with a medical condition and his disappearance is out of character.

He is described as being of Caucasian appearance, of medium build, with grey hair and an unshaven face. Sam is also nonverbal and speaks via a device in his throat.

He was last seen wearing a grey hooded jumper, dark tracksuit pants, grey shoes and a black beanie.

Police believe he may be travelling to a property in Rutherford and may be using public transport around the Newcastle area.

Passenger dies in two vehicle crash – Swansea

A woman has died after a two-vehicle crash near Lake Macquarie today.

About 12.05pm (Wednesday 26 August 2026), emergency services were called to the intersection of Rawson and Pelican Street, Swansea, after reports of a multi vehicle crash.

Officers attached to Lake Macquarie Police District attended and found that a Subaru SUV and a Toyota utility had collided.

The front passenger of the Subaru – a 92-year-old woman – was treated at the scene by NSW Ambulance paramedics before being taken to John Hunter Hospital in a critical condition.

Police have since been told the woman has died in hospital.

The driver of the Subaru – a 67-year-old woman – was also taken to John Hunter Hospital for assessment.

The driver of the Toyota – a 36-year-old man – was uninjured and taken to Belmont Hospital for mandatory testing.

Police have commenced an investigation into the cause of the crash.

Driver charged after allegedly using samurai sword and baseball bat during road rage incident – Doyalson

A driver has been charged after allegedly threatening another driver with a samurai sword and baseball bat during a road rage incident on the state’s Central Coast yesterday.

About 3pm (Wednesday 26 August 2026), police were called to the Doyalson Link Road, Doyalson, after reports of a road rage incident.

Officers attached to Tuggerah Lakes Police District attended and found that the driver of a Subaru sedan – a 67-year-old man – had allegedly been assaulted by the 20-year-old driver of a Toyota utility.

Police were told that during the incident the 20-year-old man allegedly threatened the 67-year-old with a samurai sword before assaulting the older man with a baseball bat and leaving the scene prior to police arrival.

The 67-year-old was treated at the scene by NSW Ambulance paramedics for a serious arm injury before being taken to hospital in a stable condition.

Following investigations, police attended a home on Murchison Close, Blue Haven, about 3.35pm the same day, where they arrested the 20-year-old man.

He was taken to Wyong Police Station where he was charged with:
Predatory driving
Reckless wounding
Armed with intent to commit indictable offence
Drive motor vehicle menaces another with intent

The 20-year-old was refused bail to appear before Bail Division Local Court 6 today (Thursday 27 August 2026).

‘Keel laying’ for Australia’s first Hunter class frigate

The Albanese Government has marked a significant milestone in delivering Australia’s future surface combatant fleet today, with the laying of the keel for the first Hunter class frigate at South Australia’s Osborne Naval Shipyard. 

Honouring a centuries-old naval tradition, the keel laying sees a coin placed beneath the keel of the ship to bestow good fortune on the vessel during its construction and throughout its life at sea. 

Construction of the Hunter class frigates is part of the Albanese Government’s commitment to continuous naval shipbuilding in South Australia and the delivery of a larger and more lethal surface combatant fleet for the Royal Australian Navy. 

The Hunter class will provide Navy with an advanced anti-submarine warfare capability, one of the most important capabilities for Australia’s maritime security, and strengthen our ability to operate alongside allies and partners. 

This program, being delivered by BAE Systems Maritime Australia, is directly supporting more than 2,500 jobs, with the majority of the workforce based in South Australia. An additional 5,000 Australian industry jobs are being supported through the supply chain for the build. 

The Hunter class fleet will also integrate Australian‑made radar technology and advanced combat system elements from the United States.

Construction of 20 of the first ship’s 22 blocks is already underway, which will see the Royal Australian Navy receive the first Hunter class frigate in the early 2030s.

Deputy Prime Minister, Richard Marles:

“Today’s milestone is a vital step forward for the Australian workers building these ships, the men and women who will serve on them, and our nation’s future maritime security.

“The laying of the keel for the first Hunter class frigate demonstrates tangible progress in the delivery of a more capable, lethal and resilient surface combatant fleet for Australia.

“The Hunter class frigates will provide a world-class anti-submarine warfare capability, designed to operate in complex maritime environments.”

Minister for Defence Industry, Pat Conroy:

“This Hunter class frigate program is already supporting thousands of high-skilled and well-paid jobs. So, this is a landmark moment that demonstrates Australia already has the skilled workforce needed to undertake complex projects like this. 

“The Hunter class frigate program is a critical part of the Albanese Government’s plan for giving the Navy the capabilities it needs to help keep Australia safe. It’s also about supporting continuous naval shipbuilding and contributing a secure future made in Australia.

“Through the construction of the Hunter frigates, we are strengthening South Australia’s role as a national centre for complex naval shipbuilding and supporting skilled Australian jobs across the broader national supply chain.”

Premier of South Australia, Peter Malinauskas:

“This is a momentous day for South Australian shipbuilding.

“More than 2,500 highly skilled men and women are now working at Osborne building the Hunter Frigates, a massive undertaking that represents the start of continuous naval shipbuilding here in Adelaide.

“BAE have almost 600 tradespeople now working on this project — some of them young people trained up at our remarkable Technical Colleges, and now locked into well paid, interesting lifelong careers. And there’s still AUKUS to come.

“Recruiting the workforce for these tasks represents a massive challenge. But it is also a massive opportunity for our state, and we are working hand in hand with the Albanese Government to ensure we can capitalise on it.”

AEMO warning blow hole in Labor’s reckless data centre frenzy

The Victorian Greens say explosive new forecasts showing data centres could consume 13 per cent of electricity on the national grid within a decade make it clear that Labor must immediately halt its reckless fast-tracking of new data centres. 

New AEMO forecasts show the number of proposed data centres seeking to connect to the national electricity market has more than doubled in just a year, from 97 to 225.

By 2036, data centres are now expected to consume 34TWh of electricity – almost as much as every household in Victoria and NSW currently uses combined.

The Greens say the extraordinary revision shows governments have completely underestimated the speed and scale of the data centre boom, while the Victorian Labor Government has been actively courting the industry and fast-tracking new developments.

The Victorian Greens have introduced legislation to Parliament for an immediate moratorium on new large-scale data centres while proper rules are put in place around energy, water, planning and community impacts.

In addition, they have put forward a parliamentary documents motion and FOI requests for any modelling forecasting the impacts of data centres including energy usage. 

Victorian Greens AI and data centres spokesperson, Dr Sarah Mansfield:

“AEMO has just sounded the alarm on exactly what we’ve been warning about – the scale of this data centre boom is completely out of control. Labor has been approving first and asking questions later. These figures show how reckless that is. 

“In just twelve months the number of projects in the pipeline has more than doubled and forecasts for their electricity use have skyrocketed. Yet Labor’s response in Victoria has been to roll out the red carpet and fast-track as many as possible.

“We are trying to replace coal, electrify homes and businesses and bring power bills down. Allowing multinational tech corporations to suddenly swallow 13 per cent of the grid fundamentally changes that task.

“Ben Carroll should close the floodgates he’s swung open for Big Tech and instead support the Greens’ moratorium today. Anything short of that is Labor saying they are fine with watching Victorians bills go up and our clean energy transition put at risk.” 

Youth spaces mapping will only have impact if followed by funding: Greens

The Greens welcome today’s announcement that Youth Action will lead the first statewide mapping of youth spaces across NSW, but say the NSW Government must fund the gaps it finds. 

Youth Action will lead the statewide project, funded by the NSW Office for Youth, mapping youth hubs and informal gathering spaces where young people connect, participate and access support across NSW. 

NSW Greens spokesperson for Youth and Mental Health, Dr Amanda Cohn, says the findings can only make a difference to young people if the NSW Government commits to funding the gaps it uncovers. 

Dr Cohn said the mapping was a welcome first step, which will highlight many of the gaps we already know exist, like safe spaces for young people who are LGBTQIA+, or living in regional communities. 

“It will come as no surprise when this mapping project identifies significant gaps where young people don’t have spaces to connect safely in the community.” 

“The government has funded this research project, but they must also commit to funding the gaps that research identifies for it to have any impact.” 

“This investment would make an enormous difference for the mental health and wellbeing of young people, as well as preventing escalation to crisis.” 

AEMO warning blow hole in Labor’s reckless data centre frenzy

The Victorian Greens say explosive new forecasts showing data centres could consume 13 per cent of electricity on the national grid within a decade make it clear that Labor must immediately halt its reckless fast-tracking of new data centres. 

New AEMO forecasts show the number of proposed data centres seeking to connect to the national electricity market has more than doubled in just a year, from 97 to 225.

By 2036, data centres are now expected to consume 34TWh of electricity – almost as much as every household in Victoria and NSW currently uses combined.

The Greens say the extraordinary revision shows governments have completely underestimated the speed and scale of the data centre boom, while the Victorian Labor Government has been actively courting the industry and fast-tracking new developments.

The Victorian Greens have introduced legislation to Parliament for an immediate moratorium on new large-scale data centres while proper rules are put in place around energy, water, planning and community impacts.

In addition, they have put forward a parliamentary documents motion and FOI requests for any modelling forecasting the impacts of data centres including energy usage. 

Victorian Greens AI and data centres spokesperson, Dr Sarah Mansfield:

“AEMO has just sounded the alarm on exactly what we’ve been warning about – the scale of this data centre boom is completely out of control. Labor has been approving first and asking questions later. These figures show how reckless that is. 

“In just twelve months the number of projects in the pipeline has more than doubled and forecasts for their electricity use have skyrocketed. Yet Labor’s response in Victoria has been to roll out the red carpet and fast-track as many as possible.

“We are trying to replace coal, electrify homes and businesses and bring power bills down. Allowing multinational tech corporations to suddenly swallow 13 per cent of the grid fundamentally changes that task.

“Ben Carroll should close the floodgates he’s swung open for Big Tech and instead support the Greens’ moratorium today. Anything short of that is Labor saying they are fine with watching Victorians bills go up and our clean energy transition put at risk.” 

National Cabinet cannot keep ignoring women’s safety

Tomorrow’s National Cabinet must show that governments will act on the scale of the epidemic of violence in Australia, before it is too late. 

Two years ago, prompted by public outrage over a rise in women being murdered and assaulted the federal government commissioned a Rapid Review and convened an urgent National Cabinet meeting to address gendered violence.  

Despite the urgency required, many of the commitments made at that National Cabinet meeting remain unfinished or ignored, with Women’s Safety Ministers recently giving themselves a further year to report back on progress.  

Senator Larissa Waters, Australian Greens Leader and Spokesperson on Women said:

“In the last two weeks in Australia, we have been bombarded by devastating headline after devastating headline, each one leaving women feeling less safe in their communities. 

“Two years on from the last urgent National Cabinet meeting to address gendered violence, commitments remain unimplemented and underfunded. And they just gave themselves a one year extension to report – so much for this being an urgent crisis.

“Tomorrow’s National Cabinet must commit to fully fund frontline services so no woman or child is turned away when they seek to escape violence, and to increase funding for prevention work to address the worrying slide in attitudes to violence, particularly by young men. 

“Every day, underfunded services are forced to turn women away or put them on unacceptably long wait lists. Every week 225 women and children are turned away from crisis accommodation. Every barrier and delay is traumatic and makes women less safe.

“DV NSW has consistently called for a 50% uplift in funding, given referrals to frontline services have increased by at least 22% while the frontline DFSV workforce in NSW has been reduced by 12%. In Victoria, Safe and Equal estimates that a 62% funding increase is needed to fully meet demand in Victoria. In Queensland, the government has recently cut funding to prevention services, and threatened services who complained.

“We need to fully fund the frontline services that do the hard work to support the women and children who experience it, and invest more deeply in programs to prevent violence. 

“Too many women and children are being killed by violence, primarily by men and most often by someone known to them, to wait any longer. We don’t need more ideas, we need the funding and the political will to turn them into action. 

“The government seems to always be able to find money for war but when it comes to keeping women safe or helping us recover, Labor cries poor.”

Another budget landmine exposed: New super tax to feed Albanese spending addiction

“The Albanese government has been caught laying yet another tax landmine in its Budget to feed its spending addiction, and this time it’s targeting superannuation” said Shadow Treasurer, Tim Wilson.

Mr Wilson’s comments come in the wake of reporting in The Australian that Labor’s capital gains changes contain a hidden tax on superannuation. The Treasury estimates it will add $372 billion of new taxes to Australian’s retirement savings.

“The Albanese government can’t stop taxing because he can’t stop spending and our trillion dollar Treasurer keeps digging us into a debt hole”, Mr Wilson said. 

“On top of the taxes targeting small businesses, family savings, and rents, the Albanese government’s Budget has been filled with secret tax landlines that are being revealed:

  • A death tax targeting family savings.
  • A widow’s and divorce tax that hits family savings. 
  • A hidden super tax that undermines family savings”.

“Labor thinks super is their money, and they’ll rig the rules to ensure Australian’s super goes into the funds their mates control, and tax anyone who wants to control their own retirement”.

“These tax hits are all about feeding the Prime Minister and Treasurer’s spending addiction which stokes inflation and destroys Australian’s standard of living”.