WA State Budget 2023-24

Posted on 11th May 2023 by Ashley Dawson

The Premier today handed down the WA State Budget, again showing that Western Australia’s economy remains strong and delivering cost of living support along with further investments into the health system, boosting housing supply, and supporting WA’s transition to clean energy.

The key initiatives announced by the McGowan government today include

·  $715 million to deliver further cost of living relief, providing every WA household with a $400 electricity credit, with targeted electricity support totalling $826 for those households in most need.

·  A record $2.7 billion of additional investment in our health and mental health system, bringing the total new investment to $10 billion this term, to deliver quality healthcare for Western Australians, with more beds for our hospitals, more nurses and doctors, and reforms to ease pressure on emergency departments.

·  $750 million of additional investment to boost housing supply and housing choice, particularly supporting those in need, with a $450 million top-up to the Social Housing Investment Fund, increasing the commitment to deliver 4,000 additional social houses.

·  Taking action on climate change, with a $3 billion investment including delivering the Government’s plan to decarbonise electricity production and move towards cleaner, affordable, reliable energy, as well as progressing works on Perth’s third desalination plant and a range of other climate initiatives.

·  An additional $463 million in economic infrastructure and diversification initiatives taking total new investment in this term of Government to more than $3.8 billion to set up the State for the long-term, supporting ongoing and future jobs.

·  The WA Budget continues to be in a strong position, with a $3.3 billion surplus expected in 2023-24

·  The McGowan Government has now reduced state net debt by almost $16 billion

You can read the full Media Release here Media statements – Budget surplus delivers cost of living support to all WA households

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