Over four years to encourage the take up of electric vehicles
$489.5 MILLION
Critical Communications
Enhancement
Program
$719.0 MILLION
Bradfield City Centre,
Australia's first
smart city
MORE THAN
$1.0 BILLION
Over four years to encourage the take up of electric vehicles
$489.5 MILLION
Critical Communications
Enhancement
Program
$719.0 MILLION
Bradfield City Centre,
Australia's first
smart city
MORE THAN
$1.0 BILLION
As outlined in the 2021-22 NSW Intergenerational Report, a growing economy will enable us to maintain high-quality services, build our resilience to future challenges and create opportunities for future generations.
Building a stronger economy will require reform to lift productivity growth. The NSW Productivity Commissioner’s White Paper 2021, Rebooting the economy, considered the four foundations for rebooting productivity growth: talent, investment and innovation, housing, and infrastructure and natural resources.
This Budget announces a comprehensive package of incentives to support the takeup of electric vehicles (EVs) in NSW and establish the foundations for a more efficient and sustainable revenue base to support road funding. The package includes:
To provide a sustainable and efficient source of road funding into the future, a 2.5 cents per kilometre road user charge for electric vehicles will be introduced from the earlier of 1 July 2027 or the time battery electric vehicles reach 30 per cent of new vehicle sales.
This Budget invests in a range of new measures to support these foundations, including:
Cutting red tape and fast-tracking major development will keep people in jobs and the construction industry moving and create business hubs that encourage innovation. Support includes:
For NSW, the decade ahead will not look like the last, both because of the pandemic and because of trends such as digital advancement and environmental sustainability. We need to maintain a modern, diversified economy to ensure continued prosperity for generations to come.
This Budget invests in new initiatives and technologies to further improve the Government’s services, including:
Targeted support for communities hit hardest by recent challenges, will support businesses and communities to recover, rebuilt and reduce risk for the future.
This includes: