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Politics

Jack Gramenz and Luke Costin

Surplus in sight but few sweeteners in 'careful' budget

Daniel Mookhey Dean Lewins Labor New South Wales Australia

Treasurer Daniel Mookhey has touted his budget as a message NSW is "open for business". (Dean Lewins/AAP PHOTOS)

Employers and developers have praised pioneering housing initiatives in Australia's largest state budget while critics rue missed opportunities and few sweeteners for struggling households.

NSW Treasurer Daniel Mookhey charted a cautious course to a possible surplus while unveiling the $128 billion 2025/26 state budget on Tuesday, spruiking increased investment in essential services and lower debt.

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