WA's 2021/22 state budget at a glance

·2-min read

THE WA STATE BUDGET AT A GLANCE

KEY FORECASTS

* Budget surplus of $5.6 billion confirmed for 2020/21

* Projected surplus of $2.8 billion for 2021/22

* Economy to grow by 3.5 per cent

* Unemployment to average 4.75 per cent

* Iron ore price to average US$121.3 (A$164.4) per tonne in 2021/22, falling to long-run average of $US66 (A$89) per tonne in outer years

* WA population to grow by just 0.7 per cent in 2021/22

* Net debt to climb by $2.4 billion over four years to $36 billion

KEY PROMISES

* $30.7 billion infrastructure spend over four years, including $9.1 billion in regional WA

* Additional $1.9 billion health spend, delivering 332 new hospital beds and the recruitment of an additional 600 nurses

* $1.4 billion towards Perth's next desalination plant

* $1 billion for WA's management of COVID-19, supporting police and other frontline workers

* $875 million towards the social housing sector, including building 3300 new social homes over the next four years

* $750 million climate action fund, including softwood plantation investment and a promise to stop logging native forests from 2024

* $120 million to streamline regulatory approvals

* Increases to household fees and charges kept below inflation

KEY QUOTES

* "By putting the health of Western Australians first, by keeping the state safe from COVID-19, we have delivered the best economic and social outcomes in Australia and possibly the world." - Premier Mark McGowan

* "It is extraordinary that we are facing a health crisis of such huge proportions and we have $5.6 billion in the back pocket of the premier. It is a failure." - Opposition Leader Mia Davies

* "(The budget) shows an economy firing on all cylinders; however, we consider it is rapidly approaching a peak cycle." - Ratings agency Moody's

* "Opportunities to support stronger business investment and reduce business costs have mostly been overlooked." - Chamber of Commerce and Industry WA

* "We are already seeing significant labour shortages ... finding a safe way to bring interstate and international workers into WA will be the most effective way to relieve these pressures." - Association of Mining and Exploration Companies

* "The collective might of public sector union members has brought an end to five years of the $1000 pay cap." - Community and Public Sector Union.

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