The State Government will hand down its big spending budget this afternoon.

A soaring iron ore price has resulted in the biggest surplus in the state’s history, which is likely to be around the $5 billion mark.

The government has already announced some big ticket items, including $1.9 billion to fix WA’s struggling health system and an extra $1 billion for the state’s COVID-19 response.

Funding for social housing has increased to more than $800 million.

The 2021-22 State Budget will be handed down in Parliament at 2pm today.

Photo credit – WA Today