Reaction to the NSW budget

·3-min read

REACTION TO THE NSW 2020/21 BUDGET:

* "This is not a reformist budget and it's not a budget that is going to secure NSW and help its citizens get jobs in a post-COVID world." NSW Opposition Leader Jodi McKay

* "Those figures are a stark reminder of the economic crisis we are facing. However ... the budget supports the ongoing need to create jobs, drive investment and build infrastructure." Business NSW Chief Executive Nola Watson.

* "We are concerned by the emphasis on health infrastructure over recurrent funding." AMA NSW President Danielle McMullen.

* "Ai Group supports the spending and tax relief measures of the NSW government since the onset of the crisis and the additional measures announced in this budget." Mark Goodsell, NSW head Ai Group.

* "The most important thing this budget does is stimulate customer demand and consumer spending in the hospitality businesses." Wes Lambert, CEO of Restaurant and Catering Association.

* "This is the perfect reason to get down to your local pub, show your support and let the NSW government shout you a burger or a schnitzel," AHA NSW CEO John Whelan

* "Tourism businesses, their staff and the thousands of goods and service providers ... have been doing it extremely tough this year, the measures announced in the budget will give them hope for a brighter future." NSW Tourism Industry Council Executive Manager Greg Binskin

* "We really need the (voucher) scheme to include actual overnight stays to make a big difference and bring people back into the greater Sydney area." Tourism Accommodation Australia NSW CEO Michael Johnson

* "The NSW treasurer's stubborn insistence on suppressing the wages of nurses, paramedics, teachers, cleaners, contact tracers and other public sector workers will weaken economic demand and slow the economic recovery." Unions NSW Secretary Mark Morey

* "People around NSW want a Rural Fire Service that is properly resourced and ready to help, and instead it faces a budget cut." Greens MP David Shoebridge

* "We've got 100,000 on the waiting list for social housing. If you were serious about providing construction of public housing as a stimulus measure, you would lock in the supply-chain benefits as well." Brooke Simmons, St Vincent de Paul Society

* "The NSW government has not delivered the significant investment in social and affordable housing that is needed across the state." NSW Council of Social Service CEO, Joanna Quilty.

* "This budget continues investment in important road and public transport projects that will help keep Sydney moving and ease congestion such as the completion of the WestConnex Project and the continued roll-out of the Sydney Metro." NRMA Spokesperson Peter Khoury

* "This big spending budget puts Sydney in a strong position to lead the nation's economic recovery, with funding for big transport infrastructure projects and other job creation and investment drivers." Katherine O'Regan, Executive Director of the Sydney Business Chamber.

* While record-low interest rates will enable the state to absorb such a sharp rise in borrowing, the rapid and sustained increase in the debt burden will significantly constrain its operating profile over time, particularly in the event of future shocks." John Manning, Vice President, Moody's Investors Service

* "Reform of stamp duty will make home ownership easier for young families and all new home buyers. It will remove the disincentive on moving for those who seek to down-size." Urban Taskforce CEO, Tom Forrest

* "We welcome the news that stamp duty will finally be phased out in NSW. However, we don't support the replacement of one property tax with another property tax." The Real Estate Institute of NSW CEO Tim McKibbin