The WA Government has foreshadowed a budget surplus in its upcoming mid-year review — one year ahead of schedule.
- Mark McGowan says the surplus will be more than just “squeaking over the line”
- It will be the first time in six years the WA budget will not post a deficit
- The Government is also boosting Keystart loans to help low income borrowers
Premier Mark McGowan unveiled the news at the WA State of the State event, a gathering of the Perth business community.
“I am very happy to announce to you all today that in the forthcoming mid-year review, that the next financial year 2019–20, Western Australia will once again be in surplus,” Mr McGowan said.
The Government was forecast to record a surplus in 2018–19 of $1.3 billion.
“This is the first time Western Australia will be in surplus in six years.”
Mr McGowan did not give an expected figure, but said it would be significant.