KEY POINTS IN THE WESTERN AUSTRALIAN BUDGET:

* A budget surplus of $3.2 billion this year, with a further $2.6 billion operating surplus in 2024-25.

* Total state debt to increase from $28.6 billion this year to $32.7 billion in 2024-25.

* The WA economy to grow by 1.75 per cent in the current financial year and 2.0 per cent in 2024/25

* Employment growth to slow from 3.75 per cent this year to 1.75 per cent next year

* A $762 million cost-of-living assistance package includes a $400 electricity credit for households and small businesses.

* A $1.1 billion housing package to help boost social housing by 5,000 homes and bolster homelessness services.

* Stamp duty exemption concession for first-home buyers increased to $450,000, with the concessions threshold pushed to $600,000.

* $1.8 billion will be invested to grow and diversify the economy, with $373 million for the state’s ports and $352 million for outdoor adventure tourism infrastructure.

* More than $3 billion to boost the state’s health system, with $1.2 billion to expand hospital services, $405 million for regional health services and $839 million on additional infrastructure.

* The financial blueprint will also see $1.3 billion invested in education and training, with $410 million to build new schools and $85 million to expand the construction workforce.

This post was originally published on Michael West.