Western Australia Reports $3.1 Billion Budget Surplus, Driven by Iron Ore Revenue

Despite the surplus, critics argue the government has not provided sufficient cost-of-living relief for struggling families.

Western Australia's mid-year budget review revealed a $3.1 billion operating surplus for 2024-25, up from the $2.6 billion forecast earlier this year.
The surplus was largely fueled by $1.7 billion in additional iron ore royalties and higher-than-expected revenue from stamp duty and vehicle registration fees.
The state government announced a $400 million Housing Enabling Infrastructure Fund to accelerate utility connections for new residential developments, aiming to address the housing crisis.
Advocates for social services criticized the budget for lacking targeted cost-of-living relief, with many families reportedly struggling to afford basic necessities.
Treasurer Rita Saffioti defended the government's spending priorities, highlighting investments in infrastructure, including rail and road projects, as key drivers of economic growth and job creation.