2022-23 Half-Yearly Review

NSW Budget on track for return to surplus despite near term pressures and economic headwinds

2022-23 NSW Budget

Supporting families, building a brighter future

Enhancing economic
opportunity for women

$16.5 billion over 10 years to improve women’s opportunities and child development

Supporting regions and
stronger opportunities

Delivering long-term economic benefit to New South Wales regions

Treasurer's message

Last year, the Government handed down a reform Budget that invested in the people of New South Wales to overcome the challenges of today and secure a more prosperous tomorrow.

Since then, the resilience of the NSW people has been tested once again. Communities have seen their homes and businesses inundated by floods. Families have seen their household budgets hit by inflation as the impact of Putin’s illegal invasion of Ukraine and the aftershocks of the pandemic reverberate through the global economic system.

That is why, since the Budget, we have continued to stand shoulder-to-shoulder with the NSW people. We have committed more than $6 billion with the Australian Government to flood relief and recovery. We have continued to roll out $7.2 billion in cost-of-living support. And we are investing in the health system, including a further $612.5 million to support the COVID-19 health response in 2023-24. This is on top of the $4.5 billion additional workforce health investment over the next four years.