All the winners and losers from 2022 NSW Budget

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NSW Treasurer Matt Kean has handed down his first state Budget with a focus on first home buyers and easing the cost of living while foreign investors and major infrastructure projects lost out.

Mr Kean forecast the return to a budget surplus of $601 million in 2024-25 which is the same year the government proposed in last year’s budget and before the Delta and Omicron outbreaks and record floods."We know that we're moving to a different stage of the pandemic and our health system is under enormous pressure... we've also seen the impact of inflation on the state's financial position.The government is set to invest $7.

The help includes a two-year trial of a shared equity scheme for up to 6,000 eligible single parents, older singles and front line workers buying their first home. The investment is also expected to lead to between 26,000 and 95,000 women entering the workforce or switching from part-time to full-time work by 2032-33.Mr Kean unveiled a $775 million commitment over the next four years to limit childcare costs and create 47,000 places.

Mr Kean announced a $520 million investment over two years to deliver the scheme where every quarter eligible non-business and small business customers will receive a 40 per cent cash rebate for every dollar spent on tolls once they have reached a minimum of $375.A whopping $715.8 million will be invested in First Nations policies to help meet NSW’s targets under the national Closing the Gap agreement.

The government had already announced health workers would receive a $3,000 payment for recognition of their frontline work during the pandemic but they have claimed the payment will not go far enough.

 

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Get rid of foreign investors distorting the housing market by forcing up prices for home owners, then selling up when prices have gone up and laundering their ill gotten money

The losers are the taxpayers.

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