The Western Australian premier and treasurer will be outselling their latest state budget after recording a surplus of more than 3 billion dollars.
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00:00 Well, after recording yet another budget surplus off the back of high iron ore prices, the
00:07 Cook government had to deliver cost of living relief for WA households in this budget.
00:11 And there are measures to ease the pressure.
00:13 A lot of it has already been announced, like cash for parents to help cover the cost of
00:17 school.
00:18 There were a couple of extra sweeteners in there too, like $400 electricity credits for
00:23 WA households.
00:25 And a bit of extra help for people wanting to break into the property market.
00:29 The government has lifted the threshold a little bit for stamp duty exemptions.
00:33 With an election due in March next year, the Premier was extra keen to sell it as a budget
00:39 for everyone.
00:40 My government is providing supports for families, for seniors, for tradies, for renters.
00:48 In fact, this budget delivers for every Western Australian.
00:53 For those struggling with the cost of living, the relief is welcome, but it has left them
00:57 wanting more.
00:58 Handouts are great and I appreciate them to be a hand up for a certain period of time,
01:03 but long term it doesn't actually help because that money disappears.
01:07 What we need is a long term alternative.
01:09 One budget item the government was not so keen to spruik was another cost blowout from
01:13 its flagship infrastructure project, Metronet.
01:16 An additional $707 million added to the bill there.
01:20 All in all, a budget with very few surprises.
01:23 Another budget surplus helped significantly by high iron ore prices and GST revenue.
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