Towards 2061 - planning for the future
The 2021-22 NSW Intergenerational Report (IGR) presents a snapshot of our future State to inform the policies that will continue to make New South Wales the best place to live, work, run a business and raise a family.
In this Report, we look forward 40 years to 2061 to understand how our State’s population, economy and finances may change based on global and local trends, and current policies.
The Report examines key long-term challenges associated with an ageing population, a widening fiscal gap between the revenue raised by the government and growing expenditure pressures, and rapid transformation in the economy.
The Report also incorporates the significant impacts of the COVID-19 pandemic.
We need to maintain a modern, diversified economy to ensure continued prosperity for generations to come. A strong economy, supported by productivity-raising reform, high-quality services and responsible fiscal management will enable us to build the collective wealth of the people of New South Wales, and create resilience to shocks and uncertainty.