NSW Treasurer Daniel Mookhey has pushed the budget back by three months and urged taxpayers to brace for pain as he prepares to swing the axe on Coalition spending commitments.
Sources inside the Minns government indicated that Mr Mookhey and new Finance Minister Courtney Houssos would look at every lever to bring the state’s debt load lower, including a potential shake-up towhich was set up in 2018 under Mr Perrottet with a seed of $10 billion and an aim to be a managed fund used to repay state debt.
Premier Chris Minns’ first weeks in government have been marked by revelations of cost overruns on major projects and allegations the former government was not “honest and open” about the state of NSW’s accounts.revising the alignment of two Sydney Metro lines which had both blown out in costs to more than $20 billion each.
The longer lead time until the budget – which was expected to be delivered in June – will give the two ministers more time to get a better handle on the state’s accounts, as well as to run the ruler on which of the Coalition’s spending commitments could be scaled back., in which former Department of Premier and Cabinet secretary Michael Coutts-Trotter was moved sideways to Treasury with a specific remit to help ready the Minns government’s first budget.
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