Today\u2019s half year budget review confirms that Labor has lost control of the NSW budget, with the budget bottom line worsening in just three months by a staggering $1.7 billion this financial year and $3.7 billion over the four years to 2026-27.
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Treasurer Daniel Mookhey is blaming everyone else for the worsened budget result, but it\u2019s time for Chris Minns and him to take responsibility for the poor results just three months after their first budget.
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The half-year review reveals that in just three months the state\u2019s public sector employee expenses have already gone up by $1 billion over the four years to 2026-27, without including yesterday\u2019s half a billion-dollar deal with the paramedics or the impact of Labor\u2019s new union-dominated industrial relations system.
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Despite blaming the worsened budget results on Federal Labor\u2019s infrastructure funding cuts, the Minns Labor Government has failed to confirm whether the 17 infrastructure projects will be completed at all.
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NSW Opposition Leader Mark Speakman has slammed Chris Minns and Daniel Mookhey for losing control of the State\u2019s budget in less than three months.
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\u201cThe Minns Labor Government handed down its first budget just three months ago, and it\u2019s taken just three months for a $3.7 billion deterioration,\u201d Mr Speakman said.
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\u201cIf this is what happens in just three months, I\u2019m very concerned it will only get worse over the next three years.\u201d
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\u201cLabor has failed to provide cost of living relief to families who\u2019ll feel the pain of higher energy costs and grocery bills as they sweat through summer.\u201d
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Shadow Treasurer Damien Tudehope has called out the Treasurer for his failure to exercise fiscal responsibility which will only hurt NSW families and businesses for years to come.
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\u201cThis review is the NSW taxpayers\u2019 nightmare before Christmas \u2013 Labor\u2019s inability to balance the state\u2019s books is now on display for all to see,\u201d Mr Tudehope said.
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\u201cIt\u2019s only been three months since Treasurer Mookhey\u2019s first budget and it\u2019s already in shambles. He can try to blame Federal Labor for his own inability to manage a budget, but it wasn\u2019t Anthony Albanese that agreed to an unfunded 29% pay rise for paramedics\u201d.
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\u201cDespite his Federal Labor mates cutting $3.6 billion in infrastructure funding for NSW, the Treasurer is just hoping Prime Minister Albanese will fix his budget blackhole.\u201d
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\u201cInstead of wishful thinking, what NSW needs is a Premier and Treasurer who\u2019ll stand up to Canberra and get NSW\u2019s infrastructure funding restored.\u201d
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The claim by Finance Minister Courtney Houssos that the Minns Labor Government has \u2018instituted fiscal discipline\u2019 is a cruel joke.
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The abandonment of Labor\u2019s pre-election promise to identify productivity offsets for wage rises means more savage cuts to health and other services – on top of the 4.1% real cut to health spending this year, 3.6% real cut to education spending, 1.8% real cut to police spending, and a more than 5.5% real cut to both TAFE and Fire and Rescue spending, as well as the $150 million already ripped out from palliative care.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today\u2019s half year budget review confirms that Labor has lost control of the NSW budget, with the budget bottom line worsening in just three months by a staggering $1.7 billion this financial year and $3.7 billion over the four years to 2026-27.\u00a0Treasurer Daniel Mookhey is blaming everyone else for the worsened budget result, but it\u2019s … Continue reading “Labor\u2019s bungled half year budget”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24553","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=24553"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24553\/revisions"}],"predecessor-version":[{"id":24554,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24553\/revisions\/24554"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=24553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=24553"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=24553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}