The NSW economy has hit a soft patch but the state budget predicts it will bounce back fairly quickly.
Recent interest rate cut by the Reserve Bank, and the prospect of further reductions, will provide additional support to the state economy.During the past year the estimate for the 2018-19 budget surplus has been slashed from $1.4 billion to $802 million. That would have “significant implications for the NSW economy" becasue tourism and international education are important state exports.
MattWadeSMH Yep, so lets cut funding for the unimportant things like Schools, Hospitals... This is the price of a LOW WAGE ECONOMY
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