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WA Premier Mark McGowan has used today’s Committee for Economic Development of Australia WA State of the State event in Perth to reveal an expected return to budget surplus a year ahead of schedule. And the Premier says the surplus – now slated for the 2019-20 financial year – won’t just be a case of “squeaking over the line”. “It’s the first time Western Australia will be in surplus for six years,” Mr McGowan told a packed room at the Perth Exhibition and Convention Centre. “This will be a substantial surplus in the hundreds of millions of dollars. And there will be a

The numbers that matter: State Budget 2018-19 Today, Treasurer Ben Wyatt delivered his much anticipated second Budget which will guide the State’s economic fortunes over the next 12 months and take the Government to the mid-term point. The Budget sets out an improved outlook for the State, with a significant improvement in forecasts and some light at the end of the debt tunnel, with debt now peaking at $40.8 billion in 2020-21. A deficit remains forecast for the next two years with the first surplus in 2020-21 of $1.3 billion. The Budget highlights the continued positive signs in the economy which will be

    The 2017-18 WA State Budget, our Associate Director Jamie Henderson tells you what you need to know. The landslide election victory in March and record State debt are the realities framing today’s State Budget. Treasurer Ben Wyatt delivered his budget to a packed Legislative Assembly this afternoon. The Budget starts the path to fiscal repair after the collapse in revenue from GST and mining royalties during the past few years. The Treasurer pointed to positive signs the WA economy is improving and forecast 3 per cent growth in Gross State Product in 2017/18, and a positive 1 per cent growth in Final State