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AAP
AAP
Politics
Samantha Lock

NSW loses $1.65 billion in GST revenue carve-up

NSW's share of the $89 billion GST revenue pool is being slashed by $1.65 billion. (Dan Peled/AAP PHOTOS)

An unexpected hit from the national GST carve-up will make a forecast NSW budget surplus a miracle as the state's treasurer rules out new taxes or service cuts to make up the shortfall.

The annual allocation of the $89 billion GST pool, released by the Commonwealth Grants Commission on Tuesday, shows NSW will suffer its largest ever single-year cut to its share since the tax was introduced.

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