Jun 23, 2026 – 12.42pmNSW Treasurer Daniel Mookhey has revealed the state budget is projected to defy lower growth and property taxes to rebound from an increased deficit in 2026-27 to a $1.1 billion surplus in 2027-28.While the Minns Labor Government will boast that Tuesday’s 2026-27 budget results are built on limiting expense growth to an average of 2.7 per cent a year, budget papers reveal it will also benefit from a $4.7 billion surge in funds from the Albanese Government, $5.6 billion in higher GST receipts, and $5.3 billion in dividends.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
NSW takes a tax hit, but Mookhey doubles down on 2027-28 surplus
A surge in federal funds, GST receipts and dividends has allowed NSW Treasurer Daniel Mookhey to project surpluses despite tough times and cost-of-living relief.
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