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At a glance

  • The State Budget confirms Western Australia’s economy and finances are leading the nation.
  • The State’s finances remain in a strong and stable position because of WA’s safe handling of the pandemic, achieving the soft landing as planned, and keeping WA’s economy open and strong.
  • A strong operating surplus of $5.7 billion is expected in 2021-22 and a $1.6 billion surplus in 2022-23.
  • Net debt to decline for a third straight year to be less than $30 billion for the first time since 2015 and almost $14 billion lower than projected when Labor came into Government.
  • This has been achieved, despite committing over $11.2 billion to COVID-19 response measures and a record $33.9 billion Asset Investment Program.
  • This Budget continues WA’s responsible financial management, while helping Western Australians with the cost of living, responding to climate change and investing in our future to keep our economy powering ahead.
  • Budget management is in stark contrast to the record deficits under Liberals and Nationals.
  • Page reviewed 12th May 2022