State treasurer Daniel Mookhey says ‘difficult to avoid’ costs include extending funding for 1,112 temporary nurses
The Minns government says it has uncovered more than $7.1bn in fresh “financial pressures” since taking office last month, and will delay thebudget three months until September while it conducts a “line-by-line” spending review.
Out-of-home care cost overruns will also total $700m, while the state’s $70m cybersecurity unit is not funded beyond 2024-25, he said.Mookhey confirmed the government would press ahead with plans to abolish the wage cap – set at 3% for 2023-24 and 2.5% for subsequent years – on public services. It highlighted, though, a risk to the budget if Labor did not cover increases in public sector wages with productivity gains. Each percentage point increase in wages above the existing caps would add $2.6bn over three years without those improvements, the office said.
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