{"id":9217,"date":"2020-11-16T15:32:24","date_gmt":"2020-11-16T15:32:24","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=9217"},"modified":"2020-11-16T15:32:24","modified_gmt":"2020-11-16T15:32:24","slug":"thousands-of-new-jobs-with-2020-21-state-budget-to-kick-economy-back-into-high-gear","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2020\/11\/16\/thousands-of-new-jobs-with-2020-21-state-budget-to-kick-economy-back-into-high-gear\/","title":{"rendered":"THOUSANDS OF NEW JOBS WITH 2020-21 STATE BUDGET TO KICK ECONOMY BACK INTO HIGH GEAR"},"content":{"rendered":"

Up to 270,000 people are projected to be back in work by 2024 as the NSW Government turbocharges stimulus measures to combat unemployment and help NSW shake-off the economic shackles of COVID-19.
\nTreasurer Dominic Perrottet will hand down the 2020-21 NSW Budget tomorrow with a focus squarely on creating jobs through tax cuts, stimulus and a boost to the State\u2019s record infrastructure pipeline.
\nAmong the measures to be announced by the Treasurer will be a payroll tax threshold increase from $1 million to $1.2 million, delivering a tax cut for thousands of businesses and further support for jobs in NSW.
\nNSW Premier Gladys Berejiklian said the Government was determined to help as many people return to the workforce as possible.
\n\u201cWhile we all wait for the COVID-19 vaccine to arrive, the NSW Government is determined to treat the economic symptoms of the pandemic by saving and creating as many jobs as possible,\u201d Ms Berejiklian said.
\n\u201cOur targeted stimulus measures are aimed at returning the economy to a positive footing after the challenges of COVID-19.\u201d
\nNSW Treasury predicts the State\u2019s unemployment rate is forecast to drop from a peak of 7.5 per cent in the December quarter 2020 to around 5\u00bc per cent in June 2024.
\n\u201cOur strong budget position has allowed us to weather the most severe economic storm in a generation, and we will continue to lead the way in job creation and supporting business through the 2020-21 Budget,\u201d Mr Perrottet said.
\nThe Treasurer said new initiatives, such as the $250 million\u00a0Jobs Plus\u00a0<\/em>program to help create or support\u00a0 jobs and encourage business to relocate to NSW, and an additional $300 million injected into the Regional Growth Fund announced last week, would help drive the State\u2019s economy back into high gear.
\nLast week the NSW Government also released a detailed planning package for the Western Sydney Aerotropolis which will see up to 200,000 jobs over coming decades.
\nInfrastructure and maintenance projects which will receive additional or fast\u2011tracked funding in tomorrow\u2019s Budget include:<\/strong><\/p>\n