The NSW Treasurer has released the NSW 2040 Economic Blueprint, with the document indicating a tripling of the State economy to as much as two trillion dollars by 2040.
The Treasurer, Dominic Perrottet said the Blueprint – prepared by NSW Chief Economist, Stephen Walters – would continue to evolve, with the initial document focused on both short and long-term strategies to grow the State’s economy.
“The Blueprint predicts a bright future for NSW on the back of our strong financial position, high levels of education, focus on innovation and growth, and proximity to the booming Asian middle class,” Mr Perrottet said.
“The billions we are pouring in to infrastructure is helping drive the economy and create jobs now, but also positions the State for ongoing growth,” he said.
“The future success of NSW is unlimited if we are prepared to back ourselves, innovate, build our skills, and have both a domestic and global economic focus to attract investment and create the industries and jobs of the future.”
He said the report outlined seven key aspirations for NSW to reach by 2040: the nation’s first trillion-dollar economy; healthy, productive people; liveable and connected cities; productive, vibrant regions; innovative and world class businesses; a sustainable environment with reliable and affordable energy; and enhanced performance of government.
