NSW Premier Chris Minns and Treasurer Daniel Mookhey. Source: AAP Image/ Dean Lewins
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Major cuts to startup, screen industry, and small business innovation programs are expected in the NSW 2023-2024 budget, as the new Labor government contends with deficits and spending cuts inherited from the Coalition.
Treasurer Daniel Mookhey will release the state budget on Tuesday, marking NSW Labor’s first budget in 13 years, and one the government claims is largely defined by decisions made by its predecessors.
Facing $7 billion in budget pressures, Mookhey this month revealed Labor will not reinstate funding for a swathe of business support programs, which had their funding cut in March by the Coalition government’s pre-election budget update.
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