All New South Wales residents have $ 100 worth of vouchers for food and entertainment under the $ 500 million budget announced.
The 2020/21 budget, handed over by Treasury Secretary Dominique Perotet on Tuesday, is expected to include various steps to boost the economy hit by the coronavirus pandemic.
The highlight is a plan named Out & About, which will receive four $ 25 vouchers for all adults to spend on eating out, entertainment and cultural events to boost the hardest-hit industries.
“We want to encourage people to shop, spend a lot of time in business, and go out to safely support the local community,” Perotet told Australians.
The voucher will be issued by the service NSW for use around the state from early 2021 following a trial of the scheme at Sydney CBD in December.
Two vouchers can be used to pay for meals at restaurants, cafes and clubs, and the other two can be used to visit facilities such as art galleries, cinemas, amusement parks, zoos and theaters.
Meanwhile, the government plans to reveal how badly the effects of the coronavirus have had on public finances as Mr. Perotet is setting the stage for a five-year budget surplus.
Perotet plans to end a series of free state government budget surpluses dating back to 2013/14, when he announced a significant deficit and numerous stimulus packages in Congress on Tuesday noon.
Keeping people working and creating new ones is a central theme of the budget, to infrastructure projects such as the redevelopment of Sydney Metro West, Royal Prince Alfred Hospital, and highway upgrades in major regions. There is additional or prompt funding.
“When construction is declining in the private sector, we are strengthening and filling that void,” Perotet said Monday.
Despite the budget blow, Treasurer promised no reduction in budget public service work.
“The focus here is to keep as many people working as possible at this point,” Perotet said.
“That is our commitment.”
Perotet said he had announced a total budget surplus of $ 10.7 billion in the last three fiscal years and said the government is aiming to bring the budget back into the surplus by 2025.
“There is no structural deficit here. There is a way back,” he said.
COVID-19’s health and economic support measures have already cost New South Wales more than $ 15 billion.
Other measures announced prior to Tuesday’s budget include $ 112.4 million over four years to double the number of foreign trade missions and $ 112 million to upgrade accessibility at stations, 2024. Includes $ 39.3 million to continue the Business Connect program through the year.
The unemployment rate is expected to peak at 7.5% in the December 2020 quarter, and the government will also accelerate or boost funding for new roads such as the Sydney Gateway and the expansion of Sydney Children’s Hospital in Randwick. ..
Opposition Monday opposition grants up to $ 5,000 to help women return to work, saying they haven’t reached enough distance to support 132,000 unemployed women and girls in New South Wales. Criticized the planned $ 10 million return to work program. ..