NSW Labor Treasurer Daniel Mookhey is doing a better job at containing spending than other governments around the country and helping the Reserve Bank of Australia contain inflation, despite splashing $435 million on cost-of-living support for motorists in the state budget.Over the last three years NSW has delivered the lowest expense growth of any Australian government at an average 3.6 per cent a year, less than half the 8.3 per cent annual average recorded by Australia’s other eight governments, according to the NSW budget released on Tuesday.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The secret behind NSW Labor’s lower spending than other governments
NSW Labor Treasurer Daniel Mookhey is doing a better job at containing spending than other governments around the country and helping the RBA contain inflation.
TL;DRAI
NSW Labor constrained expense growth to 3.6% annually versus 8.3% national average, supporting RBA's inflation containment. Signal of fiscal discipline relevant to executive cost planning amid macro volatility.
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