Parliamentary Secretary for the Hunter Scot MacDonald MLC has commended today’s Budget.
The NSW Liberal National Government is predicting a surplus of $3.9 billion for 2017-18, with average surpluses of $1.6 billion over the four years to 2021-22. Net debt is negative (cash positive) for the third consecutive year.
The Budget builds further on last year’s unprecedented infrastructure program, with a new record $87.2 billion pipeline over four years.
Key Budget Highlights for the Hunter include:
- Construction of the new $470 million Maitland Hospital with $23.5 million allocated in 2018-19
- $55 million for Hunter roads;
- $16.3 million to continue upgrading the intersection of the M1 Pacific Motorway with John Renshaw Drive and Weakleys Drive
- $5 million to finalise the Tourle Street-Cormorant Road upgrade
- $8.3 million to commence upgrades at Nelson Bay road and plan for future improvements
- $14.5 million to complete planning and preconstruction of Stage 5 Rankin Park – Jesmond of the Newcastle Inner City Bypass
- $110 million to continue construction of the Newcastle Light Rail
- $4.3 million to continue planning for Pacific Motorway extension to Raymond Terrace and Hexham Straight widening, including the Outer Newcastle Traffic Study
- $13.5 million for a new Police Station in Cessnock
- $9.3 million for the continuing upgrade of Hunter Sports High School
“When we came to Government, the State’s finances were in a mess and infrastructure investment had stalled,” Premier Gladys Berejiklian said.
“We have taken the necessary steps to drive our Budget and economy from worst performing to strongest in the nation.”
“This year’s Budget delivers the benefits of our strong financial management to the people of NSW. We are easing the pressure on families today, and building the schools, hospitals and transport connections to support communities into the future.”
“This Budget showcases the rock-solid financial foundation our Government has built, and that makes it possible to put people first,” Treasurer Dominic Perrottet said.