NSW Premier Chris Minns is calling for changes to tobacco excise after new projections indicate a large shortfall in expected revenue. Across the 2025 to 2030 period, the government previously forecast collecting about $77 billion from tobacco excise. According to the updated outlook reported by multiple outlets, that figure is now expected to fall to roughly $15 billion, creating a reported gap of about $62 billion. The reports describe the discrepancy between earlier budget expectations and the current revenue estimate, prompting Minns to argue the excise settings need to be overhauled. The coverage focuses on the scale of the forecast change and the fiscal implications for NSW. It does not indicate the specific policy details of any proposed excise reform, but the thrust of the articles is that the Premier is seeking a revision to improve revenue outcomes and address the shortfall highlighted by the new figures.
Minns calls for tobacco excise overhaul after forecast gap of $62 billion
NSW Premier Chris Minns is calling for changes to tobacco excise after new projections indicate a large shortfall in expected revenue. Across the 2025 to 2030 period, the government previously forecas...
- Chris Minns calls for an overhaul of tobacco excise settings.
- From 2025 to 2030, expected tobacco excise revenue drops from about $77 billion to about $15 billion.
- The change is described as a gap of roughly $62 billion.
- The issue is presented as a major budget and revenue forecast discrepancy.
- The articles report the updated projections as the basis for Minns’ proposed action.
Between 2025 and 2030, the government expected to collect $77 billion in tobacco excise. It’s likely to get just $15 billion.
3 months agoBetween 2025 and 2030, the government expected to collect $77 billion in tobacco excise. It’s likely to get just $15 billion.
3 months agoBetween 2025 and 2030, the government expected to collect $77 billion in tobacco excise. It’s likely to get just $15 billion.
3 months ago
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