The cost to federal taxpayers to top up GST payments to Western Australia has hit $10 billion and is set to rise further under a 2018 deal struck by then treasurer Scott Morrison.
The cost to federal taxpayers to top up GST payments to Western Australia has hit $10 billion and is set to rise further under a 2018 deal struck by then-treasurer Scott Morrison.and they are demanding the Albanese government extend their compensation arrangements.on Tuesday revealed how the estimated $86 billion GST pool will be distributed between the states and territories in financial year 2024.
WA’s share would have fallen to as low as 10¢ in the dollar without the intervention. WA will receive $6.5 billion this year. When the six-year deal expires in financial 2027, under updated rules no state will have a GST relativity lower than the fiscally stronger of NSW or Victoria, which typically receive 80¢ to 90¢ in the dollar.
Speaking in Perth, Dr Chalmers said he would consult state counterparts before the current deal expired.Dr Chalmers assured West Australians they would not miss out.“I have said to Premier McGowan and Treasurer McGowan, I said publicly and privately here in WA, we don’t intend to change that deal,” Dr Chalmers said.
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