The state’s peak business body says the 2025–26 NSW Budget offers mild relief for rising costs. Business NSW, Regional Director – Western NSW, Vicki Seccombe said the budget shows a sensible approach to economic management of the state’s finances.
“There are dark clouds on the horizon for business – global uncertainty, subdued business conditions and costs pressures such as spiralling workers’ compensation and general insurance premiums – but this budget keeps the state ticking along and is financially prudent.
“The $3.4 billion investment in TAFE, with a focus on residential construction, is a positive. The business community also welcomes $150 off small business electricity bills until Christmas.
“But the grim reality is 52,000 NSW businesses continue to be slugged with payroll tax – something which disincentivises employment and investment.
“With inflation and real wages rising many more businesses will be caught in the payroll tax net without reform.”
While the budget overlooks immediate cost relief, it prioritises long-term growth.
Ms Seccombe welcomed these moves as a good first step towards driving productivity and attracting investment.
“Locally, we welcome the $4.2 billion for natural disaster relief to help rebuild regional communities and business and in particular, $27 million for repair and construction of water and sewer infrastructure in the Central West.
“We were pleased to see funds being set aside for transport and connectivity, including $2 million to look into a new train stabling facility in Orange.