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The new Premier of New South Wales (NSW), Dominic Perrottet, and his Treasurer Matt Kean announced $2.8 billion (US$2.1 billion) of new spending last week, which in their words is to “turbocharge the NSW recovery.” It was not billed as a mini-budget—but it could have been.
Economist Robert Carling is a senior fellow at the Centre for Independent Studies in Sydney, Australia. He was executive director at the New South Wales Treasury from 1998 to 2006, and has held positions with the Commonwealth Treasury, the World Bank, and the International Monetary Fund.
