In the recently announced NSW 2021/22 budget, Key budget charts give a snapshot of the NSW economic and fiscal recovery. They show the improved outlook – higher economic growth, lower unemployment, an improved Budget Result and lower net debt.
Readers seeking detailed analysis on the outlook and its drivers should visit Budget Paper No. 1 Budget Statement, particularly Chapter 2 Economy and Chapter 3 Fiscal Outlook.
“Domestic tourism spending in the Sydney region also has declined, by almost a quarter over 2020. In contrast, closed borders saw a shift in preferences that lifted spending in regional areas sharply, particularly in popular tourism regions (Chart 2.15, p.12 of Economy Budget papers).
Source: Destination Country and Outback NSW
