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TAKING THE POSITIVES FROM THE NSW BUDGET


Release Date: 27/06/2018
The Hunter Business Chamber has acknowledged the state of NSW appears to be in great shape following a post budget presentation today from the NSW Treasurer, The Hon Dominic Perrottet MP and Dr Anthea Bill, Lead Researcher from the Hunter Research Foundation Centre to around 100 Chamber members.
 
“This 2018/19 NSW budget was very expansive and it is important to gain insight on the context and background as we did today from both presenters, said Bob Hawes, CEO of the Hunter Business Chamber.
 
“The Chamber has already welcomed the initiatives to increase the threshold on payroll tax, boost the appeal of apprenticeships by eliminating fees and the expansion of the ‘Easy to do business’ program and it is clear the relative significance of these measures will have a positive impact in the Hunter based on the profile of the our business landscape as indicated by Dr Bill, Mr Hawes added.
 
“It is also pleasing to see Dr Bill is of the view a range of the social measures within the budget such as the additional allowances in child care support will assist disadvantaged communities within the region.
 
“Whilst the region did not see in the budget Hunter specific new projects or new initiatives highlighted, the continuation of funding to existing commitments is important given some past practices of previous governments where project funding was either discontinued or disappeared, Mr Hawes said.
 
“The Chamber would have loved to have seen some bright new lights such as capital funding for the Broadmeadow precinct to implement the master plan and the light rail extension but based on the presentations we heard today, there is a positive overtone and potential for the region to benefit in other ways.
 
“We’ll need to continue the task of advocating to government the considered priorities of business in the region as we move towards State and Federal elections in early 2019,” Bob added.



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