At the Liberal party’s election campaign launch in Sydney today, NSW Treasurer Dominic Perrottet announced the creation of a new “future fund” for children in the state.
The fund, which is expected to reach up to $1 billion over four years, will be used to help ensure a secure future for young people in the state.
“We have to invest in our children’s future,” Mr Perrottet said. “It’s not just a matter of providing them with the basics in life, but also giving them the opportunity to reach their full potential and make their dreams a reality.”
The fund will be used to provide financial assistance to families, as well as skills and job training for young people. It will also be used to create new apprenticeships and traineeships, as well as support for early childhood education and care initiatives.
The announcement was welcomed by both Liberal and Labor candidates, who praised the government for its commitment to helping young people in NSW.
“This is a great step forward,” said Labor candidate for Sydney, Chris Minns. “Investing in our children’s future is always a worthwhile endeavour and this fund is a great way to ensure that they have the best possible start in life.”
The fund is one of a range of initiatives announced by the Liberal party during the election campaign, including a $20 billion investment in public transport and infrastructure, as well as a $2 billion investment in health and education.
The announcement follows the release of the NSW budget earlier this week, which included a $1 billion investment in early childhood education and care.
The fund is a clear demonstration of the Liberal party’s commitment to investing in the future of NSW’s children. With the election just weeks away, it’s yet to be seen how the fund will be implemented and how it will benefit young people in the state.