Premier Gladys Berejiklian says the federal government budget has given NSW “a spring in our step”.
“What the budget did for us is confirm the optimistic outlook we have in NSW,” she told reporters on Wednesday.
“It’s a very strong budget given the difficult circumstances. In particular I’m pleased with their forecasts.”
NSW will get about 30 per cent of the GST pool this financial year – $20.4 billion, driven by strong consumer spending.
The premier said she’s “absolutely floored” by the consumer and business confidence numbers.
“Business confidence is stronger than it was pre-COVID,” she said.
“I think that’s because we’ve tried to balance the health needs of the community plus the economic needs of the community.”
She was particularly pleased the more than $3 billion allocated to regional road projects.
“What COVID has reinforced is that we can do much better in developing our regional communities and growing our communities and better transport links obviously make sure there’s safe access to those communities,” she said.
The outlook filled Ms Berejiklian with hope and optimism for the future.
“In NSW it really gives a bit of a spring in our step because we were concerned where revenues might go in the next few years,” she said.
“So we’re extremely pleased this morning … the extra dollars we’re getting to close road projects, especially in regional NSW is very important as well.”
TOP PROJECTS INCLUDED IN THE $3.3 BILLION FOR NSW ROAD FUNDING:
* $2 billion for the Great Western Highway from Katoomba to Lithgow
* $500 million for the Princes Highway, including the Jervis Bay Road Intersection and Jervis Bay to Sussex Inlet
* $240 million for the Mount Ousley Interchange
* $229.4 million for the M12 motorway.
* $162.8 million to clean-up of damage caused by recent floods.