Welcomed: President of Penrith Chamber of Commerce Peter McGhee has praised the direction and strategy of the NSW budget. Picture: Gary WarrickPENRITH Chamber of Commerce president Peter McGhee welcomed the state budget’s overall direction and strategy.
“It’s excellent; their strategy is to reduce recurrent expenditure while increasing capital spending,” Mr McGhee said.
“If recurrent expenditure is allowed to increase continually, you can’t put the money into infrastructure, which everyone agrees Sydney sadly needs.”
He said the proposed doubling of first-home owner grants for new dwellings should boost the construction industry.
“There are a lot of first-home owners in Penrith and there are a lot of new suburbs,” Mr McGhee said.
“If the new home owner grants mean more homes get built, there’ll be more tradies employed and they’ll spend more money in Penrith.”
On the other hand, Mr McGhee said he was a bit concerned that proposed public sector cutbacks might cruel efforts to have a department’s head office relocated to Penrith.
He said cutbacks might mean fewer public servants available to relocate offices.
“But that won’t have an immediate effect,” he said.
“They have kept frontline services such as police, nurses and teachers and that’s good.
“I’m pleased that this budget is heading in the right direction.”
This story Administrator ready to work first appeared on Nanjing Night Net.