THE Federal Governments $2 billion injection into the WA Budget is set to save the States taxpayers from more pain, with Treasurer Ben Wyatt saying the extra cash will help slash debt and deficit.
As Liberal MPs used the GST overhaul as a rallying cry ahead of a looming Federal election, the State Government may now be able to bring forward by a year the expected return to Budget surplus and reconsider planned increases in fees and charges.
Under the Federal proposal, WA will get a top-up over the next three years of $2 billion, starting with $814 million in the 2019-20 financial year. This will take WAs GST share to 70¢ in the dollar.
The State Government was expecting next years Budget to show a deficit of $160 million. But the $814 milli…
Read the full article at: https://www.perthnow.com.au/news/wa/treasurer-ben-wyatt-says-extra-gst-cash-will-help-bring-about-wa-surplus-quicker-than-planned-ng-b88888204z
