‘Twofold’ long and short term strategies needed to address cost of living crisis

Malaysia News News

‘Twofold’ long and short term strategies needed to address cost of living crisis
Malaysia Latest News,Malaysia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

The NSW Labor government’s strategy to address rising cost of living involves both short term and long-term strategies, says NSW Treasurer Daniel Mookhey. Mr Mookhey’s comment comes as the state government released its budget yesterday, involving a small surplus for New South Wales. “Our strategy when it comes to this cost of living crisis is twofold. Firstly, to provide immediate relief right now, and secondly, to pair it with long term reform,” he told Sky News Australia. Mr Mookhey used toll caps as an example of short-term reform. “We are introducing a weekly toll cap of $60 for two years from January next year, but we’re pairing it with reform.”

The NSW Labor government’s strategy to address rising cost of living involves both short term and long-term strategies, says NSW Treasurer Daniel Mookhey.

Mr Mookhey’s comment comes as the state government released its budget yesterday, involving a small surplus for New South Wales. “Our strategy when it comes to this cost of living crisis is twofold. Firstly, to provide immediate relief right now, and secondly, to pair it with long term reform,” he told Sky News Australia.“We are introducing a weekly toll cap of $60 for two years from January next year, but we’re pairing it with reform.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mookhey plots NSW’s return to surplus in three yearsMookhey plots NSW’s return to surplus in three yearsThe state’s treasurer is promising voters “immediate assistance ... with long-term reform” in the Minns government’s first budget.
Read more »

NSW budget 2023 live updates: treasurer Daniel Mookhey announces Labor state budgetNSW budget 2023 live updates: treasurer Daniel Mookhey announces Labor state budgetDaniel Mookhey announces deficit of $7.8bn after saying cuts would be in areas that ‘don’t affect people’. Follow all the reaction live
Read more »

Mookhey’s first budget locks NSW in a debt trapMookhey’s first budget locks NSW in a debt trapTreasurer Daniel Mookhey talked a big game ahead of the first Labor budget in NSW in 12 years, but he has failed to back it up.
Read more »

Mookhey pledges more borrowing and spending to meet election promisesNSW Treasurer Daniel Mookhey has pledged revenues will rise faster than government expenses in the state’s first Labor budget in 12 years
Read more »

‘Stabilise the state’s finances’: NSW Treasurer discusses state’s budget‘Stabilise the state’s finances’: NSW Treasurer discusses state’s budgetNew South Wales Treasurer Daniel Mookhey joined Sky News Australia to discuss the state’s budget. Mr Mookhey says what the government has done with the budget is “carefully balance” the need to fix “the essential services people rely on, provide help to families during this once-in-a-generation cost of living crisis and stabilise the state’s finances”. The NSW Treasurer said the Minns’ government was the “first government since 2020/2021” to “not spend every single dollar” pouring into the state’s treasury. “What we are doing is putting away some of that money for a rainy day – to help us rebuild the public’s finances,” Mr Mookhey said. “I am the first treasurer in a couple of years to present a budget in which our expenses aren’t growing as fast as our revenue.”
Read more »

NSW budget 2023 LIVE updates: Treasurer Daniel Mookhey to hand down Labor’s first state budget in over a decadeNSW budget 2023 LIVE updates: Treasurer Daniel Mookhey to hand down Labor’s first state budget in over a decadeIn Labor’s first state budget since 2010, Treasurer Daniel Mookhey will announce policies targeted at housing affordability, essential services and public sector wages.
Read more »



Render Time: 2025-03-01 00:07:59