The Premier says federal revenue is down to WA industry. Photo: David Henry

WA powers federal budget cash

Wednesday, 26 October, 2022 - 13:59
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It wasn't a budget with much on offer for Western Australia, but Premier Mark McGowan has praised his federal colleagues for showing restraint and trying to get the nation's books back in the black.

"The federal governnment should be commended in putting in the effort to fix the federal budget," Mr McGowan said.

"It's a mammoth task and will take many years to get it back to a sustainable footing."

Much of the $140 billion in commodity revenue assigned to the budget flows from WA, and the premier said that needed to be appreciated by the rest of the country.

"I think the reduction in the federal deficit is due to the efforts of West Australians," Mr McGowan said.

The so-called "bread and butter" budget provides $634.8 million for projects in WA, which is on top of the already banked $3.7 billion for Metronet road and rail infrastructure.

The Alice Springs to Halls Creek road corridor receives $400 million and electric bus charging infrastructure will get $125 million.

Separately, there was also a $350 million commitment to a planned comprehensive cancer centre in Perth.

"The good news is the GST deal remains exactly as it is," Mr McGowan said.

"That is obviously a red line that no Commonweatlh government should cross."

In the face of predictions that electricity costs will surge on the east coast by more than 50 per cent, Mr McGowan lauded WA's energy sector.

"The massive increase in electricity prices is very concerning," he said.

"It goes to show they sold off their electricty assets and they don't have a domestic gas reservation policy.

"We are not in that situation.

"Our electricity network and gas reservation policy is now the envy of the country."

He encouraged eastern states people to relocate to the west for work and a sronger economy.

"We're the only state paying down debt, the only state in surplus, the only state with a domestic gas reservation policy, only state with inflation going down and with real cost of living support for households," Mr McGowan said.

But with a housing supply problem, he said his government's priority was to get more properties built, including social and affordable homes.

The detail around the federal government's promise to have 1 million new homes built around the country was still being worked through.

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