Sunday, June 13, 2021

New jobs for up to 270,000 people in 2020-21 NSW state budget to fight Covid economic crisis

Up to 270,000 people are projected to be back in work by 2024 as the NSW Government turbocharges stimulus measures to combat unemployment and help NSW shake-off the economic shackles of COVID-19.

Treasurer Dominic Perrottet will hand down the 2020-21 NSW Budget tomorrow with a focus squarely on creating jobs through tax cuts, stimulus and a boost to the State’s record infrastructure pipeline.

Among the measures to be announced by the Treasurer will be a payroll tax threshold increase from $1 million to $1.2 million, delivering a tax cut for thousands of businesses and further support for jobs in NSW.

NSW Premier Gladys Berejiklian said the Government was determined to help as many people return to the workforce as possible.

“While we all wait for the COVID-19 vaccine to arrive, the NSW Government is determined to treat the economic symptoms of the pandemic by saving and creating as many jobs as possible,” Ms Berejiklian said.

MUST READ  Digital business plan released by Morrison govt to drive businesses, jobs

“Our targeted stimulus measures are aimed at returning the economy to a positive footing after the challenges of COVID-19.”

NSW Treasury predicts the State’s unemployment rate is forecast to drop from a peak of 7.5 per cent in the December quarter 2020 to around 5¼ per cent in June 2024.

“Our strong budget position has allowed us to weather the most severe economic storm in a generation, and we will continue to lead the way in job creation and supporting business through the 2020-21 Budget,” Mr Perrottet said.

The Treasurer said new initiatives, such as the $250 million Jobs Plus program to help create or support  jobs and encourage business to relocate to NSW, and an additional $300 million injected into the Regional Growth Fund announced last week, would help drive the State’s economy back into high gear.

Last week the NSW Government also released a detailed planning package for the Western Sydney Aerotropolis which will see up to 200,000 jobs over coming decades.

MUST READ  Not in favour of total lockdown but will consider harsh measures if situation doesn't improve: PUNJAB CM
MUST READ  Digital business plan released by Morrison govt to drive businesses, jobs

Infrastructure and maintenance projects which will receive additional or fast‑tracked funding in tomorrow’s Budget include:

  • Metro projects such as the Sydney Metro West and the Sydney Metro – Western Sydney Airport;
  • New roads such as the Sydney Gateway and significant road upgrades including the Pacific and Princes Highways;
  • Major investments in health, including the redevelopment of the Royal Prince Alfred Hospital and expansion of Sydney Children’s Hospital at Randwick;
  • New public schools in Googong, Murrumbateman and Edmondson Park, major upgrades at Picnic Point High School, Carlingford West and North Sydney Public Schools and  $240 million to partner with local regional and metropolitan schools to accelerate upgrades to school facilities and amenities;
  • $104.5 million to an Arts and Maintenance Upgrade Fund to stimulate jobs and the economy through improving accessibility, sustainability and functionality of our cultural assets.

Latest news

Aussie swimmer breaks world record post father’s death trauma

Aussie Kaylee McKeown says the death of her father 10-months-ago inspired her to break the 100-metre backstroke world record on Sunday at the Australian...

Jalandhar man on a mission to provide books for children in villages

26-yr-old Mandeep Singh from Sultanpur Lodhi, Jalandhar, has a mission in life. Although secure with in a government job, he is working tirelessly to...

Shops, malls, restaurants to reopen in Delhi

Shops, malls and restaurants in Delhi will open from Monday as Covid numbers in the national capital drop to a three-month low. Shops will...

WATCH birthday girl Disha Patani auditioning for an ad in a throwback video

Before she made waves in Bollywood, Disha Patani was often seen in small-screen commercials. Now she has been romancing superstars like Tiger Shroff, Salman...

Related news

MUST READ  24X7 helpline for real time bed availability status

Aussie swimmer breaks world record post father’s death trauma

Aussie Kaylee McKeown says the death of her father 10-months-ago inspired her to break the 100-metre backstroke world record on Sunday at the Australian...

Jalandhar man on a mission to provide books for children in villages

26-yr-old Mandeep Singh from Sultanpur Lodhi, Jalandhar, has a mission in life. Although secure with in a government job, he is working tirelessly to...

Shops, malls, restaurants to reopen in Delhi

Shops, malls and restaurants in Delhi will open from Monday as Covid numbers in the national capital drop to a three-month low. Shops will...

WATCH birthday girl Disha Patani auditioning for an ad in a throwback video

Before she made waves in Bollywood, Disha Patani was often seen in small-screen commercials. Now she has been romancing superstars like Tiger Shroff, Salman...

AFL: David Mackay might not be banned after ‘sickening’ bump

Four-time premiership Hawk Jordan Lewis says Adelaide veteran David Mackay shouldn’t be suspended, despite a heavy collision with Hunter Clark that left the young...

Victoria Premier Daniel Andrews to get back to work in two weeks

Victoria Premier Daniel Andrews has revealed he will return to work on Monday, June 28, three months after being hospitalised by a fall. Mr Andrews...

US is back under Biden, says Emmanuel Macron

The United States is back as a cooperative leader of the free world under President Joe Biden, France's Emmanuel Macron said on Saturday, illustrating...

Stalin wants to meet PM Modi to discuss Tamil Nadu issues

 Tamil Nadu Chief Minister MK Stalin on Saturday said he has sought a meeting with Prime Minister Narendra Modi on June 17 to discuss...