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Federal Budget: Paterson electorate one of the big winners

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Paterson was one of the big winners from the Federal Budget, with several vital infrastructure projects securing further funding in the electorate.

Following Treasurer Dr Jim Chalmers delivery of the financial blueprint on Tuesday 14 May, the Australian Government is committing $112 million for the Pacific Motorway extension to Raymond Terrace and another $137.5 million towards the long-overdue duplication of Nelson Bay Road.

Meanwhile, every taxpayer in Paterson – which takes in from Neath, Kurri Kurri and Williamtown in the south, along the Hunter River and Port Stephens in the north and across the Hunter Expressway to the west – will receive a cut at tax time.

“I am proud to be a part of a government that puts people first,” local MP Meryl Swanson said.

“This is a budget that delivers for everyone in Paterson, while building a better Australia in an economically responsible way.

“It was important to ease the pressure of inflation and rising living costs, particularly for those facing financial challenges.

“We’ve developed strategies to offer cost-of-living support without adding to inflation through targeted relief and smart fiscal management.

“The government wants earnings to stretch further without driving up prices.

“I’m delighted to fulfil my commitment to the M1 upgrades and the eagerly-awaited duplication of Nelson Bay Road, too, helping residents and visitors with better access while moving in a safe way.”

Ms Swanson admitted the Federal Budget aimed for long-term prosperity.

“We’re investing in education, healthcare, infrastructure and small businesses to create jobs and ensure resilience,” she said.

“Addressing energy costs and housing affordability are key, with $32 billion allocated for new homes nationwide, including in Paterson.

“Additionally, we’re cutting student debt for more than three million Australians, wiping about $3 billion to ease financial burdens and support education access. 

“This change will assist 15,190 people with a HELP debt in Paterson.

“Residents in the electorate have already saved $2,019,868 thanks to the government’s promise to deliver cheaper medicines.

“Everyone in Paterson who accesses PBS medicines is set to save money.

“The pensioners and concession card holders won’t pay more than $7.70 for their PBS medications for the next five years.

“In the past 12 months, Paterson residents accessed 264,152 pathology services.

“The government is making sure these pathology tests stay bulk-billed by indexing the Medicare rebates for common medical tests – reducing waiting times and catching health problems sooner.

“At the heart of this budget is a vow to put people first.”

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