NSW Budget: Emphasis on housing, energy and regional NSW

NSW is expected to be back in the black next financial year and will focus on paying down debt bankrolled by twin revenue streams of property and payroll taxes.

The state’s booming property market will see stamp duty revenue increase as people who delayed buying a home during the pandemic and inflationary period return to the market.

The government will spend $1.3 billion over the 2023-24 financial year on rebates and other relief measures for energy bills. In conjunction with the federal government, up to 1.6 million households will be eligible for a $500 rebate automatically applied to bills before July 1, 2024, and about 300,000 small businesses will be eligible for $650 in energy bill relief.

Key business measures from the budget: 

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Last updated: 19th September 2023