Tag: cash

Explore the latest developments concerning Budget shows WA.

Budget shows WA still rolling in cash with another bumper surplus

The WA government has delivered a big-spending budget, focused on housing, health, economic infrastructure and cost of living relief.

Every West Australian with a driver's licence will get a $100 handout to help with skyrocketing fuel costs, but the electricity subsidy will not be revived. 

Premier Roger Cook warned of economic headwinds ahead amid continuing global uncertainty. 

Western Australia is once again rolling in cash with today's big-spending state budget revealing another bumper surplus, with a focus on funding health, housing and infrastructure projects.

But amid surging cost-of-living pressure, the budget offers some relief — including a $100 fuel payment for everyone with a valid driver's licence — as well as some cuts.

Saffioti takes aim at rate hike as housing takes centre stage in WA budget

West Australian Treasurer Rita Saffioti claims the government’s big spend on housing will not further inflate prices, with the housing crisis being firmly in the budget’s sights this year.

A total of $4.7 billion has been poured into housing, including $694 million for DevelopmentWA to create thousands of new lots across the state through the development of residential land.

However, when questioned whether a $297 million housing tax package including an increase in stamp duty concession and exemption thresholds would lead to house price inflation, Saffioti said the primary goal was increasing supply.

“It is really a range of new initiatives, so it is an additional investment in shared equity, we have additional investment in lifting the threshold for land,” she said.

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