OVERVIEW - YOUR FAMILY, YOUR future

Page created by Jennifer Henry
 
CONTINUE READING
OVERVIEW - YOUR FAMILY, YOUR future
OVERVIEW

     YOUR FAMILY,
      YOUR f uture
OVERVIEW - YOUR FAMILY, YOUR future
NSW Treasury
52 Martin Place, Sydney NSW 2000

budget.nsw.gov.au
treasury.nsw.gov.au

NSW BUDGET 2021-22 PUBLICATIONS INCLUDE:
Budget paper no. 1 Budget Statement
Budget paper no. 2 Outcomes Statement
Budget paper no. 3 Infrastructure Statement
Budget paper no. 4 Agency Financial Statements
Budget paper no. 5 Appropriation Bills
Treasurer’s Speech
Overview
Regional NSW
How to Read the Budget Papers

First published June 2021.

This publication is protected by copyright. With the exception of (a) any coat of arms, logo, trade mark or other
branding; (b) any third party intellectual property; and (c) personal information such as photographs of people, this
publication is licensed under the Creative Commons Attribution 3.0 Australia Licence. The licence terms are available
at the Creative Commons website at: creativecommons.org/licenses/by/3.0/au/legalcode
NSW Treasury requires that it be attributed as creator of the licensed material in the following manner:
© State of New South Wales (NSW Treasury), (2021)
OVERVIEW - YOUR FAMILY, YOUR future
Contents
Treasurer’s Message                                                     5

SECTION ONE: Budget 2021-22                                             6

SECTION TWO: A Budget that builds on the State’s success               13

  Continuing to keep NSW safe while accelerating our recovery

  Investing in families and their future

  Transforming New South Wales

                                                                Overview | 3
OVERVIEW - YOUR FAMILY, YOUR future
Acknowledgement
of Country
NSW Treasury acknowledges that Aboriginal and
Torres Strait Islander peoples are the First Peoples
and Traditional Custodians of Australia, and the oldest
continuing culture in human history.

We pay respect to Elders past and present and
commit to respecting the lands we walk on, and the
communities we walk with.

We celebrate the deep and enduring connection of
Aboriginal and Torres Strait Islander peoples to Country
and acknowledge their continuing custodianship of the
land, seas and sky.

We acknowledge the ongoing stewardship of
Aboriginal and Torres Strait Islander peoples, and the
important contribution they make to our communities
and economies.

We reflect on the continuing impact of government
policies and practices, and recognise our responsibility to
work together with and for Aboriginal and Torres Strait
Islander peoples, families and communities, towards
improved economic, social and cultural outcomes.

Artwork: Regeneration by Josie Rose, 2020

4 | Overview
OVERVIEW - YOUR FAMILY, YOUR future
Treasurer’s Message
                    I am pleased to present        to 2.5 per cent increase in remuneration for
                    the 2021-22 NSW Budget         public sector workers for agreements due
                    – a Budget to keep New         to be renewed from 1 July 2021, while still
                    South Wales (NSW)              providing another $200.0 million in tax relief.
                    safe and accelerate our        And our infrastructure pipeline just keeps
                    recovery, invest in families   getting bigger, with a record $108.5 billion
                    and their future, and          pipeline of infrastructure planned across
                    transform our state.           the four years to 2024-25.
NSW already has regained the ground                We’ll build 44 new and upgraded schools,
lost during COVID-19, but it is hard to            the Bradfield City Centre, the Muswellbrook
believe that only 12 months ago, our State         Bypass and the Goulburn Hospital
was nearing the deepest point of its first         Redevelopment — adding to the wave of
recession in nearly 30 years.                      projects already underway, like WestConnex,
The turnaround did not happen by chance.           and the Parramatta Light Rail Stage 1.
It is the result of a decade of sound              Families will benefit from more cost-of-living
economic and financial management,                 savings, including the new Learn to Swim
and years of investment to build the most          Active Pre-Schooler voucher program — an
modern and reliable services in the nation.        initiative that adds to the Active and Creative
When the crisis struck, NSW was able to            Kids vouchers, so every pre-school aged
respond effectively with a best-in-class           child in NSW can learn to be water safe.
public health system, combined with the            Even with record investment, the Budget
biggest economic support and stimulus              remains firmly under control. The forecast
package of any state.                              deficit for 2020-21 has been halved and
We kept NSW more open and free, fuelling           we will get our Budget back to surplus by
confidence and spurring a recovery that has        2024-25.
so far exceeded all expectations.                  Recovery is only the first step and our
NSW has not only recovered the 270,000             government is determined to use this strong
jobs lost during the initial impact of COVID-19,   start as a springboard to a better future.
we have continued to grow jobs, adding an          So, this Budget continues to drive a wide-
additional 75,000 in May alone meaning we          ranging reform agenda, daring to do
are well placed to take NSW beyond recovery        things differently to improve education
and into a stronger future.                        and skills, abolish inefficient taxes (starting
An additional $1.1 billion will continue to keep   with motor vehicle duty on electric vehicles),
NSW COVID safe, part of a $30.2 billion            while continuing to nurture the industries
health budget that will further strengthen         of the future – all with an eye to
the best health system in the nation. We are       productivity growth.
extending stimulus programs like Dine &            We have come a long way in just 12 months,
Discover, targeting industries still struggling    but we are not resting on our laurels. This
from the effects of the pandemic, and              budget takes the state from recovery to
securing stronger growth.                          reform for your family and your future.
The State’s exceptional performance
through COVID-19 has unleashed a wave of
pride in NSW and we are investing more in
our own backyard to enhance communities
and tourist and cultural attractions in the
city and the bush.
                                                   Dominic Perrottet
For the NSW Public Sector employees that
                                                   NSW Treasurer
help oversee and look after our State, this
Budget will provide a resumption of the up

                                                                                      Overview | 5
OVERVIEW - YOUR FAMILY, YOUR future
ANGEL PLACE, SYDNEY

6 | Overview
OVERVIEW - YOUR FAMILY, YOUR future
2021-22 BUDGET AT A GLANCE

 Record infrastructure           Stimulus support            $1.1 BILLION
     investment
                                $6.0 BILLION                    in health
 $108.5 BILLION                                             COVID-19 response
over the next four years

         Jobs                      Cost of living             TRIPLE-A
   MORE THAN                    MORE THAN                     credit rating
    300,000                     $6.0 BILLION                   (Moody’s,
                                                            December 2020)
    recovered since          in support to households
     the pandemic

   $2.1 BILLION                  $7.9 BILLION               $9.4 BILLION
 for digital investment    record investment for over 210     in tax relief
         in NSW              new and upgraded schools         (since 2011)

                                                                Overview | 7
OVERVIEW - YOUR FAMILY, YOUR future
01.

Budget 2021-22

The 2020-21 Budget was all about kick-           Previous investment in critical services like
starting the economy and strengthening           public health, as well as a world-class digital
the foundation of the State. Now the             government platform, has supported what is
2021-22 Budget has more ambitious goals          now considered the gold standard in contact
— to elevate, innovate and reinvigorate our      tracing and containment of the pandemic.
economy, and help the people of NSW to
                                                 As a result of the improved economic outlook,
move forward and enjoy their lives, whilst
                                                 the state’s economy is now larger than
we continue to safeguard the health of
                                                 before the pandemic. The State’s operating
the community.
                                                 position is improving in line with the improved
Since the last Budget seven months ago, the      economy and NSW remains the only state in
actions of the NSW Government have led to        Australia to have a triple-A credit rating
outcomes many did not think were possible.       (Moody’s, December 2020).
Individuals, businesses and communities have
                                                 The 2020-21 NSW Budget sets out the
largely been able to continue their lives in a
                                                 roadmap for response, recovery and reform.
way that many around the world have not. The
                                                 This Budget aims to secure and build on
NSW Government has successfully navigated
                                                 the strong start to recovery, ensuring the
dual challenges — ensuring the safety of
                                                 State’s stronger financial position to plot the
citizens and the health of the economy.
                                                 economic journey beyond the pandemic.

8 | Overview
OVERVIEW - YOUR FAMILY, YOUR future
ONGOING STIMULUS SUPPORT

The economy will continue to be supported by targeted stimulus into
2021-22. Around $6.0 billion is projected to be spent next year across
a range of projects. This includes:

         $3.6 BILLION INFRASTRUCTURE AND CAPITAL MAINTENANCE:

         $1.2 BILLION through the Jobs and Infrastructure Acceleration Fund
         $2.0 BILLION across new capital works upgrades and maintenance
         projects
         OVER $360.0 MILLION for the maintenance, upgrade and supply
         of new social housing

         SUPPORT TO BUSINESS AND ECONOMY

         $1.7 BILLION to support business and the economy, significant
         measures include:
         $1500 Small Business Fees and Charges Rebate
         JOBS PLUS: a $250.0 million program to attract businesses and jobs
         to NSW
         FRIDAYS DINE & DISCOVER: a new CBD voucher

         $400.0 MILLION IN EDUCATION AND SKILLS PROGRAMS,
         WHICH INCLUDE:

         Targeted Tutoring program
         Skilling for Recovery program

         $160.0 MILLION for Social and Community Support programs

                                                                     Overview | 9
OVERVIEW - YOUR FAMILY, YOUR future
To date, delivery of stimulus measures          ƒ a
                                                   permanent increase in the payroll tax
has included:                                     threshold to $1.2 million, expected to save
                                                  businesses a further $744.0 million over
ƒ more than 52,000 small businesses
                                                  four years from 2020-21 to 2023-24
   assisted through the Small Business
   Support Grants program to ease the           ƒ more than $45.0 million to 322 arts
   financial pressure on businesses highly         organisations through the Arts Industry
   impacted by the COVID-19 pandemic               Rescue and Restart program
ƒ more than 36,000 Small Business              ƒ s upport for more than 8,000 victims and
   Recovery Grants to support businesses           survivors through the Domestic Family
   to meet the costs of safely re-opening          Violence support package
   or scaling up operations                    ƒ r eturn to work grants and assistance for
ƒ more than 2,200 small businesses                more than 1,200 women
   supported through the Small Business         ƒ a
                                                   ccess to training to reskill for future
   Southern Border Grants program to assist       employment through the Skilling for
   businesses affected by the NSW/Victoria        Recovery program for more than 70,000
   border closure meet the costs of surviving     jobseekers and school leavers access
   and adapting                                   training; and
   ore than 4.4 million people registered
ƒ m                                             ƒ more than 6,000 tutors employed in
  for the Dine & Discover Program and over         2,184 government schools involved in the
  $441.0 million in vouchers issued                Intensive Learning Support program for
ƒ a
   temporary two-year reduction in the            the most disadvantaged students.
  payroll tax rate, estimated to provide
  NSW businesses with around $2.1 billion
  in savings

10 | Overview
ECONOMIC OVERVIEW                                                   NSW remains the only
The NSW economy is continuing a strong                              State with a
recovery from the effects of the COVID-19
pandemic. The NSW Government’s
                                                                    TRIPLE-A CREDIT
effective management of the pandemic                                RATING
and unprecedented levels of stimulus have                           (Moody’s, December 2020)
substantially mitigated the effects of the
deepest recession in almost 80 years.
By 2024-25 the unemployment rate is
forecast to decline back to its pre-COVID                           $0.5 BILLION
level of around 4½ per cent. Meanwhile,                             forecast surplus for 2024-25
Gross State Product per person, a key
indicator of average living standards for the
population, will surpass pre-COVID trends
by 2023-24.
                                                                    NGF to grow to more than
The ongoing nature of the pandemic means
the outlook remains volatile. Risks that could                      $90.0 BILLION
interupt the economic recovery include the                          by 2030-31
emergence of new strains of the virus, delays
with vaccine rollouts and further delay in
opening international borders.
The Commonwealth’s assumed delay to
reopening of borders until mid-2022 will           April 2021, reaching a balance of $14.7 billion.
reduce economic demand while contributing          The NSW Government plans to grow the NGF
to labour shortages in some industries.            to over $90.0 billion by 2030-31 as part of
However, this will not prevent the economy         its fiscal repair efforts, thereby boosting the
from growing strongly over the forecast            NGF’s debt offset capacity and fostering a
horizon, with targeted government support.         more resilient State balance sheet now and in
With the recovery expected to continue, it is      the future.
an opportune time for the NSW Government
to focus on reform and shift the dial on the
drivers of long-term economic growth –
especially lifting productivity and labour
participation.

FISCAL OVERVIEW
This Budget reflects NSW’s improving fiscal
outlook, with a forecast surplus of $0.5 billion
for 2024-25.
Net debt has also improved in line with the
State’s economic recovery.
With the growth in the NSW Generations
Fund and an ingoing asset recycling
program, net debt is projected to trend back
down towards 7 per cent of GSP over the
medium-term.
The NSW Government is using its balance
sheet to support a record infrastructure
program of $108.5 billion.
The NSW Generations Fund (NGF) continues
to grow. Seeded with an initial investment of
$10.0 billion in late 2018, the NGF achieved a
return of 15.5 per cent over the 12 months to

                                                                                       Overview | 11
BARANGAROO, SYDNEY

12 | Overview
02.

A Budget that builds
on the State’s success
 Looking to the future whilst learning from the lessons of
 the pandemic, NSW can continue to rebound strong, with
 investments that will transform communities, support
 individuals and families, address cost-of-living pressures
 and drive productivity — making NSW a great place to
 live, work and visit.

                  KEEPING NSW SAFE WHILE
                  ACCELERATING OUR RECOVERY

                  INVESTING IN FAMILIES AND THE FUTURE

                  TRANSFORMING NEW SOUTH WALES

                                                      Overview | 13
1. K EEPING NSW SAFE WHILE
                             ACCELERATING OUR RECOVERY

Health recurrent spend                   Health capital spend               Health cluster COVID-19 spend

  $27.1 BILLION                            $3.1 BILLION                            $4.0 BILLION

      INVESTING IN OUR WORLD-                        vaccines are accessible to eligible people
      CLASS HEALTH SYSTEM                            across the state, providing outreach to
                                                     locations in rural and regional areas.
      Since March 2020, the NSW Government has
      committed more than $4.0 billion to help the   A major boost to the vaccine rollout in NSW
      healthcare system to increase its capacity     has been the opening of the mass vaccination
      and ensure it is well placed to manage the     centre at Sydney Olympic Park, which can
      ongoing impacts of COVID-19.                   administer up to 30,000 vaccinations per
                                                     week. A new centre at Newcastle, to open
      NSW Health has expanded the vaccination
                                                     in July, will complement the existing network
      clinic footprint across the state to ensure
                                                     of clinics across the State.

      14 | Overview
COVID-19 HEALTH RESPONSE                         DIGITAL HEALTH
ƒ $
   340.0 million for personal protective        The NSW Government has increased
  equipment and associated warehousing           investment in digital health initiatives to
  costs to keep our frontline health             over $500.0 million over the next four
  workers safe                                   years, including:
ƒ $261.3 million for COVID-19 vaccine           ƒ $141.0 million to commence implementing
   distribution                                     a Single Digital Patient Record to enhance
ƒ $200.0 million for pop-up clinics, testing       care coordination across hospital and
   and contact tracing                              other settings

ƒ $
   145.4 million for returning travellers in    ƒ $37.3 million for Real Time Prescription
  quarantine requiring medical assistance           Monitoring to track medicines associated
                                                    with a high risk of causing harm,
ƒ $
   80.0 million to continue additional
                                                    dependence or misuse
  elective surgery; and
                                                 ƒ $25.3 million to fast track electronic
ƒ $30.0 million for enhanced cleaning within
                                                    prescribing to support the home delivery
   health facilities.
                                                    of medicines
HEALTH INFRASTRUCTURE                            ƒ c
                                                    ompletion of the latest expansion of
$3.1 billion will be invested in 2021-22 to        Virtual Care and Telehealth to safely
continue and commence around 110 health            connect patients with health professionals
capital projects across 18 metropolitan            to deliver care when and where it is
hospitals, 28 regional hospitals and other         needed; and
health facilities. Major works currently         ƒ $
                                                    21.7 million investment (Commonwealth
underway include:                                  and NSW Government) in the NSW
                                                   Telestroke Service to provide 24/7 access
ƒ $835.0 million for the John Hunter Health
                                                   to specialist clinical advice for acute
   and Innovation Precinct
                                                   ischaemic stroke patients in regional and
ƒ $
   740.0 million for the Liverpool Health         rural NSW.
  and Academic Precinct; and
ƒ $673.3 million for the Tweed Hospital         REGIONAL HEALTH
   and Integrated Ambulatory Services             900.0 million will be invested in health capital
                                                 $
   Redevelopment.                                works across regional NSW. This includes:
                                                 ƒ $80.0 million for Moree Hospital
MENTAL HEALTH
ƒ $109.5 million over four years to develop     ƒ $53.0 million for G
                                                                      unnedah Hospital
   25 Safeguards - Child and Adolescent          ƒ $45.0 million for Muswellbrook Hospital
   Mental Health Crisis Teams across                Stage 3; and
   NSW to provide support services to
                                                 ƒ $30.0 million for Wentworth Hospital.
   children and adolescents with moderate
   to severe mental health issues and their      HEALTH SERVICES
   families/carers
                                                 ƒ $
                                                    82.8 million over four years to continue
ƒ $
   36.4 million over four years for 57 mental     strengthening palliative care services,
  health Response and Recovery Specialists         including improving community-based
  across regional and rural NSW to provide         care, enhanced palliative care services and
  assertive outreach support for communities,      enhancements to the specialist palliative
  and coordination with local services at the      care workforce in regional and rural NSW
  time of a disaster or crisis and during the
                                                 ƒ $
                                                    34.0 million over four years for NSW
  ongoing recovery phase; and
                                                   Ambulance to convert 246 paramedics to
ƒ $25.8 million to continue funding the           Intensive Care Paramedics, of which 203
   co-responder program, PACER, involving          will be in regional NSW; and
   Police, Ambulance and Clinical Early
                                                 ƒ $8.6 million over four years to support
   Response teams working collaboratively
                                                    community care for people with
   when responding to mental health
                                                    neurodegenerative disorders, such as
   situations.
                                                    Parkinson’s disease.

                                                                                     Overview | 15
Transport capital            Education capital

          $18.7 BILLION                  $3.4 BILLION
          Transport recurrent           Education recurrent

          $16.8 BILLION                 $20.9 BILLION

       Customer service capital     Stronger Communities capital

         $697.3 MILLION                  $1.5 BILLION
      Customer service recurrent   Stronger Communities recurrent

           $3.6 BILLION                  $18.3 BILLION

16 | Overview
DELIVERING A RECORD                                ƒ $
                                                      717.9 million over the next four years
INFRASTRUCTURE PIPELINE                              for the Transport Access program to
                                                     provide a better experience of public
This Budget provides an infrastructure
                                                     transport customers
program that builds a better NSW, with a
record pipeline of $108.5 billion over four        ƒ $683.5 million over the next four years
years to ensure the delivery of projects across       for road safety investment
the State. Infrastructure investments include:     ƒ $
                                                      588.1 million over the next four years
ƒ $
   12.0 billion over the next four years for        for NSW bus services, including new
  Sydney Metro West                                  buses, identifying new bus routes and
                                                     continuing the transition to low-emissions
ƒ $
   3.1 billion over the next four years for
                                                     transport fleet
  the More Trains, More Services program
  to modernise the rail network                    ƒ $168.7 million over four years to continue
                                                      planning, design and pre-construction
ƒ $2.7 billion over the next four years for
                                                      of the Muswellbrook bypass, improving
   the M6 Stage 1
                                                      safety on the New England Highway and
ƒ $
   2.1 billion over the next four years in new       reducing travel times for long haul freight
  capital expenditure to deliver 44 new and           movements
  upgraded schools, including significant
                                                   ƒ $115.6 million for the construction of Henry
  funding to construct 30 schools which are
                                                      Lawson Drive widening between Tower
  progressing through the planning phase,
                                                      Road, Georges Hall and Auld Avenue,
  taking the State’s total investment in school
                                                      Milperra (Stage 1) to double capacity and
  infrastructure to $7.9 billion over four years
                                                      reduce congestion and to continue the
  to deliver major projects at over 210 schools
                                                      development of Stage 2 between Keys
ƒ $
   2.0 billion over the next four years for          Parade and the M5 Motorway; and
  the Great Western Highway upgrade,
                                                   ƒ $50.0 million over three years to continue
  co-funded with the Commonwealth, to
                                                      planning and development of the
  reduce congestion and deliver safer,
                                                      Parramatta Light Rail Stage 2, connecting
  more efficient and reliable journeys
                                                      to Stage 1 and continuing north through
ƒ $1.9 billion over the next four years              Ermington, Melrose Park and Wentworth
   for WestConnex                                     Point to Sydney Olympic Park.
ƒ $1.3 billion over the next four years for
   the Mariyung Fleet (new Intercity Fleet)
ƒ $
   1.3 billion over the next four years for
  the Northern Road upgrade and the
  M12 Motorway

                                                                         ROZELLE INTERCHANGE TUNNELLING

                                                                                      Overview | 17
NSW PROUD: A GREAT PLACE                         ƒ $
                                                    50.0 million to support regional tourism,
TO VISIT, NO MATTER WHERE                          including $30.0 million for the Regional
                                                   Tourism Activation Fund and $20.0 million
YOU LIVE
                                                   for the Regional Events Acceleration Fund
Our communities help to make New South
Wales be the best place to live and work. Our    ƒ $40.0 million over four years to attract
state should also be the best place to visit.       major blockbuster art and museum
This Budget puts resources into place               exhibitions to NSW, showcasing the world’s
to realise the vision and includes:                 finest cultural treasures in our world-
                                                    renowned cultural institutions
ƒ $200.0 million over four years to secure
                                                 ƒ $
                                                    24.0 million over four years to expand the
   future major events and rejuvenate the
                                                   State’s Arts and Cultural Funding program
   visitor economy, promoting NSW as the
                                                   to incentivise innovation, vibrancy and
   premier state to visit and do business
                                                   creativity within the cultural sector. The
ƒ $
   168.2 million over four years toward the       uplift will focus on funding to small and
  transformation of the Ultimo Powerhouse          medium arts companies, along with funding
  Museum into a dynamic precinct featuring         to enable additional regional touring
  world-class exhibition spaces focusing
                                                 ƒ $15.0 million for a Cahill High Line, inspired
  on presenting the iconic Powerhouse
                                                    by the Manhattan High Line, temporarily
  Collection including design and fashion,
                                                    transforming the Cahill Expressway into a
  education and research
                                                    contemporary landscape which will host a
ƒ $119.3 million to create a cultural venue        series of events and provide a viewing deck
   and public open space at the Registrar           for New Year’s Eve fireworks and Sydney
   General’s Building, consistent with the          Harbour until the opening of the 2022
   Macquarie Street East Precinct Review            Sydney Festival; and
ƒ $80.4 million for new signature walking       ƒ $5.0 million to establish the Heritage Blue
   experiences, including the Great Southern        Plaques program that will identify heritage
   Walk in the Illawarra                            sites for communities to appreciate and
ƒ $60.0 million over two years for the             connect with their historic surrounds.
   Creative Capital program to deliver new
   cultural infrastructure projects in Greater   CBD REVITALISATION
   Sydney and Regional NSW to boost
                                                 The NSW Government is investing in initiatives
   community participation in the arts, along
                                                 to revitalise the CBD, create local jobs and
   with cultural tourism
                                                 drive economic activity. This includes:
ƒ $
   59.9 million over three years for
                                                 ƒ $50.0 million for a new Dine & Discover
  upgrades at 12 country race clubs across
                                                    voucher program to be used on Fridays
  Regional NSW, to provide improvements
                                                    in the CBD
  to racetracks and additional capacity for
  stabling thoroughbreds                         ƒ an additional $20.0 million for the CBD
                                                    Revitalisation program for a range of
                                                    initiatives to revitalise the area and
                                                    encourage increased spending and mobility
                                                    in the CBD. This builds on the successful
                                                    $20.0 million partnership with City of
                                                    Sydney to fund initiatives such as the
                                                    Alfresco Dining program and CBD
                                                    activation grants
                                                 ƒ $
                                                    20.0 million accommodation voucher
                                                   program, which will provide $100
                                                   accommodation vouchers to NSW residents
                                                   to stay in the Sydney CBD; and
                                                 ƒ e
                                                    xtension of the successful Dine & Discover
                                                   program until 31 July.

18 | Overview
2. I NVESTING IN FAMILIES AND THEIR FUTURE

Cost of living savings                   Energy Social Programs                    Regional Seniors Travel Card

 MORE THAN                                 $333.2 MILLION                             $246.3 MILLION
 $6.0 BILLION

      The strength of the State’s finances has           ƒ $43.9 million over two years to provide a
      enabled the NSW Government to provide                 $100 Learn to Swim Active Pre-Schooler
      significant support to individuals and families.      Voucher for children aged 3 to 6 years not
                                                            yet enrolled in school to develop important
      SUPPORTING INDIVIDUALS AND                            water safety and swimming skills
      FAMILIES WITH THE COST OF LIVING                   ƒ $14.2 million for a Cost of Living program
      In 2021-22 more than $6.0 billion in new and          and campaign to increase public awareness
      existing rebates, concessions and cost of             of NSW Government support available to
      living measures are available to households           individuals and families; and
      to assist in reducing the impost of everyday       ƒ t he Treasurer’s Financial Literacy Program,
      living costs and encourage involvement                which will encourage children to develop
      in activities to support development and              positive money habits and increase their
      participation.                                        financial literacy.
      In this Budget, the NSW Government is              Continuing existing measures, including
      bolstering its existing support programs           Active Kids, Creative Kids, Smart and Skilled,
      with a range of ongoing, new and expanded          Student Transport Scheme and Toll Relief,
      measures, including:                               alongside numerous tax relief measures, not
      ƒ $
         333.2 million for Energy Social Programs       only save our citizens thousands of dollars
        (bringing total commitments to $1.3 billion      each year, but contribute to the delivery of
        over four years) to enable the provision of      social outcomes.
        energy rebates and emergency vouchers
        to help reduce energy bills and provide the
        community with more affordable energy
      ƒ $246.3 million to extend the Regional
         Seniors Travel Card for an additional two
         years, providing eligible seniors living in
         regional New South Wales with $250
         each year for fuel, taxi travel, or NSW
         TrainLink tickets
      ƒ $150.0 million to deliver the Start Strong
         Free Preschool program for school year
         2022 — to provide approximately two days
         of free preschool per week to all eligible
         preschool children

                                                                                            Overview | 19
The NSW Government is keeping the Opal              and maximise accessibility through the
fare increase in line with inflation, while also    development of universally designed facilities
ensuring off-peak discounts and weekend            ƒ $18.6 million additional recurrent
caps introduced in 2020 will remain in place          expenditure over two years for the
and continue to benefit customers.                    Community Building Partnerships program
The Cost of Living ‘One-Stop Shop’ service            to stimulate further investment in local
provided by Service NSW has undertaken                communities, increasing the total funding
more than 70,000 cost of living appointments          for the program to $37.2 million in 2021-22
since July 2018. With the average saving per       ƒ e
                                                      xpanding the Surf Club Facility program,
appointment almost $600, this means more             bringing the total funding over four years
money is being spent on things that matter.          to $16.0 million, to construct new and
                                                     upgraded Surf Club facilities that are safe
LOVING WHERE YOU LIVE                                and inclusive; and
The NSW Government is investing to                 ƒ R
                                                      estart NSW grants to local government,
enhance our communities to support healthy           community organisations and other sectors.
living, including:
ƒ $
   205.1 million over two years for the           SMALL BUSINESSES
  Multisport Community Infrastructure              The NSW Government continues to support
  Fund to support local community-based            small to medium businesses with ongoing
  organisations to develop sporting facilities     and new measures, including:
  across NSW, to increase participation

20 | Overview
ƒ $20.0 million in 2021-22 for the Business         EMPOWERING ABORIGINAL
   Concierge service to provide small business       COMMUNITIES
   operators with personalised support               The 2021-22 Budget reaffirms the NSW
   through Service NSW                               Government’s commitment to First
ƒ $
   9.8 million in 2021-22 to continue the           Nations communities. New and existing
  Business Connect program which provides            measures include:
  professional business advice to small
                                                     ƒ $259.6 million to provide quality
  businesses across NSW
                                                        and affordable housing to Aboriginal
ƒ $4.3 million in 2021-22 for the NSW Small            communities
   Business Commission to deliver increased
                                                     ƒ $185.0 million on targeted education
   mediation and advisory services to
                                                        services to increase the learning potential
   commercial parties; and
                                                        of First Nations students
ƒ c
   ontinuation of the NSW Government’s
                                                     ƒ $52.4 million in 2021-22 towards
  $472.0 million small business fees and
                                                        the Aboriginal Community Housing
  rebates scheme. Eligible small businesses
                                                        Investment Fund
  can claim $1500 in rebates against eligible
  government fees and charges until                  ƒ $
                                                        43.7 million to deliver targeted health
  30 June 2022.                                        services through the Aboriginal Community
                                                       Controlled Health sector, especially in
SUPPORTING VULNERABLE                                  Regional NSW
COMMUNITIES                                          ƒ $
                                                        41.0 million to expand the Stolen
This government is investing in critical               Generations Reparations Scheme, including
support services for the most vulnerable               the digitisation of records
and disadvantaged in our state to ensure             ƒ $
                                                        34.1 million over three years to expand the
appropriate care and services are available            Roads to Home program, which will provide
where and when they are needed. This                   planning and infrastructure upgrades to up
includes:                                              to 10 additional Aboriginal communities; and
ƒ $
   57.0 million over two years to build on the      ƒ $
                                                        11.6 million over two years for the
  successful Together Home program, which              extension of the Services Our Way program,
  has assisted hundreds of rough sleepers or           providing on the ground, practical support
  vulnerable individuals into accommodation            and skill development for Aboriginal people
ƒ $33.9 million over four years for specialist        and families with complex needs.
   domestic violence case management to be
   rolled out state wide through the Staying
   Home, Leaving Violence program to ensure                                     BARKINDJI PEOPLE, WILCANNIA
   victims of domestic and family violence are
   afforded the option to stay home safely
ƒ $
   30.0 million over four years for social
  impact investments with a focus on women
  facing disadvantage and Indigenous youth
ƒ $12.2 million over two years to fund
   Tresillian for a series of support measures
   to families experiencing difficulties in
   the critical first years of their child’s life,
   including six Regional Family Care Centres,
   five ‘Tresillian 2U’ vans, and staffing for the
   Macksville residential unit; and
ƒ $12.0 million over four years to promote
   adoption and guardianship for children
   in out-of-home care, through increased
   awareness, a dedicated taskforce, and
   greater support for adopted parents
   and guardians.

                                                                                        Overview | 21
3. T RANSFORMING NEW SOUTH WALES

  Over four years to            Critical Communications    Bradfield City Centre,
encourage the take up                 Enhancement         Australia’s first smart city,
  of electric vehicles                   Program
                                                              MORE THAN
$489.5 MILLION                   $719.0 MILLION               $1.0 BILLION

     22 | Overview
DRIVING PRODUCTIVITY AND                           This Budget invests in a range of
INCREASING LIVING STANDARDS                        productivity measures, including:
As outlined in the 2021-22 NSW                     ƒ delivering the Electricity Infrastructure
Intergenerational Report, a growing economy           Roadmap: $379.6 million in new funding
will enable us to maintain high-quality               (as part of $412.9 million commitment
services, build our resilience to future              over four years) to deliver the Electricity
challenges and create opportunities for               Infrastructure Roadmap, including funding
future generations.                                   for the coordinated setup of Renewable
Building a stronger economy will require              Energy Zone network infrastructure
reform to lift productivity growth. The NSW           across the State
Productivity Commission White Paper 2021,          ƒ improving the quality and safety of care
Rebooting the economy, considered                     for patients: $141.0 million in 2021-22 to
the four foundations for rebooting                    commence implementing a Single Digital
productivity growth: talent, investment               Patient Record to improve the quality and
and innovation, housing, and infrastructure           safety of care for patients by enhancing
and natural resources.                                care coordination across hospital and
                                                      other settings
This Budget announces a comprehensive
package of incentives to support the take-         ƒ s tarting the transition to electrify all
up of electric vehicles (EVs) in NSW and              NSW buses to zero emissions: $10.0 million
establish the foundations for a more efficient        for a Bus Electrification Program strategic
and sustainable revenue base to support               business case that aims to transition all
road funding. The package includes:                   NSW buses to zero-emission buses

 ƒ $200.5 million over four years for motor        ƒ lowering the cost of occupational license
   vehicle duty exemptions for eligible new           holders: $2.5 million to support Automatic
   and used zero and low emission vehicles            Mutual Recognition of occupational
                                                      licensing, lowering the cost for those who
 ƒ $171.0 million investment in charging
                                                      do business in multiple locations
   infrastructure over the next four years
   to ensure accessibility of ultra-fast           ƒ an additional $9.7 million in funding,
   chargers, especially on major highways             along with the introduction of
   and at regional tourist destinations               legislation, to implement the package
                                                      of 29 recommendations from the NSW
 ƒ $75.0 million for a rebate of $3,000
                                                      Productivity Commission Infrastructure
   for Battery Electric Vehicles (BEVs)
                                                      Contributions Review. These reforms
   and fuel cell electric vehicles sold
                                                      will support the timely delivery of
   for a GST inclusive price of less than
                                                      critical infrastructure as it is needed to
   $68,750 (excluding public or private fleet
                                                      meet population growth and unlock
   operators) from 1 September 2021, for
                                                      housing supply
   the first 25,000 eligible sales
                                                   ƒ investments to improve student outcomes
 ƒ $33.0 million for government fleet
                                                      and support long-term productivity
   procurement of BEVs in the next four
                                                      including:
   years and $265.0 million over the next
   ten years, targeting 50 per cent of              ƒ $196.6 million to implement the
   government fleet purchases by 2025-26              Curriculum Reform program, a program
   and 100 per cent by 2029-30; and                   to create a new curriculum that will
                                                      improve student performance and
 ƒ $10.0 million in 2021-22 to support the
                                                      enhance future employment outcomes
   implementation of these programs.
                                                    ƒ $124.8 million to attract and retain high
To provide a sustainable and efficient source
                                                      performing teachers under the Teacher
of road funding into the future, a 2.5 cents per
                                                      Supply Strategy, to deliver a sustainable
kilometre road user charge for electric vehicles
                                                      pipeline of teachers; and
will be introduced from the earlier of 1 July
2027 or the time battery electric vehicles reach
30 per cent of new vehicle sales.

                                                                                       Overview | 23
24 | Overview
ƒ $24.6 million to support implementation           modern, diversified economy to ensure
   of recommendations in the Gonski                  continued prosperity for generations to
   Shergold Review including establishing            come. This Budget invests in new initiatives
   pilot sites for the Institute of Applied          and technologies to further improve the
   Technology and piloting a new Careers             Government’s services, including:
   NSW platform, which will partner with
                                                     ƒ $719.0 million for completion of the
   industry and young people to provide
                                                        Critical Communications Enhancement
   valuable and timely advice to match
                                                        Program that will expand and enhance
   students with in-demand industries.
                                                        the Public Safety Network and ensure
Cutting red tape and fast-tracking major                there is radio coverage across the State
development will keep people in jobs and                for first responders
the construction industry moving and create
                                                     ƒ an additional $500.0 million for the
business hubs that encourage innovation.
                                                        Digital Restart Fund to continue driving
Support includes:
                                                        investments in digital technologies across
ƒ $870.0 million for enabling works                    the NSW Government
   to prepare the site and build a solid             ƒ $
                                                        56.1 million over the next four years to
   foundation for the new Bradfield City               appoint eight extra Local Court magistrates
   Centre, Australia’s first smart city, providing
   a new economic hub for businesses and             ƒ an additional $24.6 million to continue
   jobs of the future                                   the services of the Data Analytics Centre,
                                                        which provides cross-sector data-driven
ƒ $175.9 million to provide the first high             insights to inform policy decisions and
   tech building at Bradfield City Centre and           citizen-focused outcomes; and
   a new education and training model
                                                     ƒ $
                                                        19.0 million to provide an asset refresh to
ƒ $139.3 million for round two of the                 video conferencing and computer facilities
   Accelerated Infrastructure Fund, which will         in TAFE campuses across NSW.
   provide funding to councils in high growth
   areas to support construction activity and        BOOSTING RECOVERY
   the release of new homes and employment           AND RESILIENCE
   areas in key greenfield sites
                                                     Targeted support for communities hit hardest
ƒ a
   n Emerging Industry Infrastructure               by recent challenges, will support businesses
  Fund as part of a $36.0 million investment         and communities to recover, rebuilt and
  into research initiatives, to invest in            reduce risk for the future. This includes:
  targeted industries aligned with the
  2021 Accelerating Research and                        ontinuing $4.5 billion over six years, in
                                                     ƒ c
  Development Plan                                    partnership with the Commonwealth, for
                                                       bushfire response, relief, and recovery,
ƒ $35.0 million to deliver the                        providing support to those communities still
   Entrepreneurship and Innovation                     feeling the impacts of the 2019-20 bushfires,
   Ecosystems Action Plan to promote                   and responding to the recommendations of
   new ideas, design and investment while              the NSW Bushfire Inquiry
   creating sustainable jobs in targeted
   sectors, precincts and Regional NSW; and          ƒ $590.4 million to support communities
                                                        in their recovery from the impacts of
ƒ $
   20.0 million to accelerate the delivery             the 2021 storm and flood events, with
  of strategic planning precincts to shape              additional funding being sought from the
  land use and rezoning outcomes.                       Commonwealth; and

IMPROVING SERVICES                                   ƒ $150.0 million over two years to expand
AND OUTCOMES                                            the help for rural and regional communities
                                                        to combat the mouse plague.
For NSW, the decade ahead will not
look like the last, both because of the
pandemic and because of trends such as
digital advancement and environmental
sustainability. We need to maintain a

                                                                                       Overview | 25
IMAGE CREDITS:
City of Sydney, A. Richards, Department of Planning, Industry and Environment, Destination NSW,
NSW Government, NSW Health and Transport for NSW.

26 | Overview
YOUR FAMILY,
 YOUR f uture
You can also read