The 2025–26 Budget is focused on building a prosperous future for New South Wales (NSW). The government has improved the state’s fiscal position without privatisation or an unfair wages cap. It outlines a pathway to a modest surplus – the first since 2018–19. Key investments are targeted towards countering a housing crisis, supporting NSW's most vulnerable people, and delivering the schools, hospitals, public transport and roads needed to back businesses and workers.

Pressures remain on the State Budget, including the cost of natural disasters and rising workers compensation.

Key initiatives

• $1.0 billion for a Pre-Sale Finance Guarantee to help housing developments.
• $12.4 billion to build and upgrade health infrastructure.
• $10.4 billion for schools over the next 10 years.
• $2.8 billion investment in 2025-26 for TAFE.
• $5.5 billion to build and upgrade roads across Western Sydney.
• $1.2 billion child protection package.
• $650.0 million to support victim survivors and build a safer NSW.

Budget papers

• Budget Paper No.01 Budget statement: provides information on the State’s finances in aggregate.
• Budget Paper No.02 Performance and wellbeing statement: presents NSW Government performance information and key budget measures organised by NSW wellbeing themes. It also includes the Gender Equality Budget Statement.
• Budget Paper No.03 Infrastructure statement
• Budget Paper No.04 Agency financial statements: outlines the financial statements for general government sector agencies.
• Budget Paper No.05 Appropriation bills: are the legislative instruments that authorise the expenditure of government funds.
• Overview: Our plan for New South Wales
• Our plan for Regional New South Wales
• Our plan for Western Sydney.