Western Australia will be the only state or territory that will receive less GST revenue in 2014/15 under new recommendations.
Western Australia would get $236 million less GST revenue in 2014/15 compared to the previous financial year under new recommendations made by the Commonwealth Grants Commission.
Releasing its recommendations on Friday, the commission said that given that WA’s fiscal capacity is at record highs, it has reduced its GST share to record lows.
It said WA would get a 4.2 per cent share of the $52.7 billion that is expected to be raised through the GST in 2014/15, down from 4.9 per cent in 2013/14 when the pool is predicted to stand at around $50 billion.
It is the only state or territory to face a fall in GST revenue.
NSW and Queensland would be the main beneficiaries from the latest GST carve-up, receiving an additional $937 million and $858 million respectively, compared to a year earlier, and both seeing an increase in their share of the GST pot.
Victoria’s share eased to 22 per cent from 22.5 per cent, but would still receive $342 million more than the year before.