State budget 2021/22 summary

Please find some headline figures of this 2021/22 State Budget

  • $33.623bn debt across forward estimates
  • Deficit $1.397bn for 2021-22, surplus of $48m for 2022-23, $498m for 2023-24 and $379m for 2024-25.
  • GST windfall of $926m
  • Stamp duty boost of $214m
  • Employment forecast to grow at two per cent in 2021-22, 1.25 per cent in 2022-23, 2023-24 and 2024-25
  • GST revenue forecast to grow by $474m in 2022-23 and $385m in 2023-24
  • A 12 month extension of payroll tax exemption for wages paid for eligible new trainees and apprentices — a combination of state and federal government subsidies means businesses can receive up to $32,000 in support
  • A new 50 per cent land tax discount for eligible new build-to-rent housing projects which will reduce the land values for land tax purposes up to 2039-40
  • A further $10.7m in land tax relief in 2021-22 through the land tax transition fund for those taxpayers negatively impacted by changes to land tax aggregation rules in 2021-22
  • $15 million for basketball courts at Wayville Sports Centre
  • $5 million for Goodwood Railway Station upgrade as part of the Station Refresh Program
  • $22.9m over four years for a national partnership on recycling, including $7.9m for the Northern Adelaide Waste Management Authority to construct a paper and cardboard beneficiation plant
  • $5.5m over four years to expand the Greening Neighbourhoods Program to regional areas
  • $14.7m in Open Space grants in 2021-22

Please find all the State Budget information here

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