Penny-pinching NSW budget lacks vision and offers few solutions to state’s most pressing problems

<p>The Minns Labor government appears obsessed with keeping the state’s AAA ratings – so citizens of New South Wales will just have to wait</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2025/jun/24/australia-news-live-albanese-iran-us-trump-nsw-qld-act-budget-economy-treasurer-labor-coalition-ndis-ntwnfb">Australia news live: latest politics updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>The Minns Labor government’s third budget is one of consolidation, careful management, penny-pinching and modest spending. This budget will please the ratings agencies, and those who value New South Wales’s AAA rating.</p><p>But it is not for those who hoped to see a bold vision for NSW or big steps forward to deal with some of the state’s and the nation’s most pressing problems: a cost-of-living crunch, housing crisis, climate emergency and other environmental challenges.</p> <a href="https://www.theguardian.com/australia-news/2025/jun/24/nsw-state-budget-2025-explainer">Continue reading...</a>