Home Lifestyle 2022 state budget: WA families to receive $ 400 in electricity bills

2022 state budget: WA families to receive $ 400 in electricity bills

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It is expected that the record surplus, provided by the increase in royalties for mining and improved tax revenues, will allow the Labor government of Western Australia to offer in the state budget on Thursday a reduction in the cost of living.

It is expected to include a $ 400 loan for each of the more than one million households to pay electricity bills, Western Australian said Prime Minister and Treasurer Mark McGowan before the 2022/23 budget.

Nearly $ 450 million to finance the loan will come from another huge operating budget surplus worth more than $ 7 billion, in addition to the projected $ 2.4 billion for 2021/22 and a record $ 5.6 billion in 2020/21 year.

The government has already announced billions of dollars in new spending measures, ranging from health care to discounts on electric vehicles, based on its strong balance sheet – a rarity in a country where other state budgets are in deficit.

“Every other state in Australia is in short supply and in debt … we are doing the opposite … and it is doing more to cost more,” Mr McGowan said on Wednesday.

Last month, the WA posted the highest quarterly inflation rate of all states and territories – 7.6 percent.

Shadow Treasurer Steve Thomas speculated that the budget would include a discount on electricity, but also called for a freeze on all government fees and charges.

The budget is also expected to increase funding for the WA public health system as hospitals struggle with labor pressures and the spread of COVID-19.

The government will allocate another $ 1.6 billion to fight the pandemic, including $ 635 million for the ongoing provision of free rapid antigen tests for WA residents.

The WA recorded the highest daily infection rate on Wednesday – 17,033 cases.

Expenditures on mental health, alcohol and other drug-related services are also expected to rise to a record $ 1.3 billion in 2022/23.

Funding for health infrastructure – including $ 16.7 million for an additional 10 beds for the intensive care unit at Sir Charles Gerdner Hospital in Perth – will be $ 1.6 billion over four years.

Health Minister Amber-Jade Sanderson has already announced an additional $ 252 million for emergency departments amid a steady rise in the number of ambulances as patients wait longer to be referred by paramedics to the hospital.

She also promised to lead a new ministerial task force to rectify what St. John said was an almost record-breaking ambulance lag.

In the face of increasing pressure on household budgets, Shelter WA CEO Michelle Mackenzie said there was a desperate need for affordable homes and wanted the government to create a “future fund” for housing.

“So we know that in the future there will be constant investment in safe and stable, affordable and social homes,” she said.

“What a legacy that would be.”

The world rating agency S&P has forecast a budget surplus of WA for 2022/23 of $ 7.9 billion, followed by $ 5.8 billion in 2023-24 and $ 5.7 billion in 2024-25.

“This is a rare feat given the scale of the shock from COVID-19,” analyst Martin Fu said in a statement.

https://www.perthnow.com.au/politics/was-flush-budget-to-buck-national-trend-c-6765528

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