While the public service will be a big target of the NSW government’s pandemic-induced savings measures, NSW residents will get $100 worth of vouchers to spend on hospitality and entertainment.

The government is allowing companies with turnover up to $5 billion to offset losses against previous profits on which tax has been paid, to generate a refund.

Loss carry-back will be available to around 1 million companies that employ up to 8.8 million workers, according to Tuesday’s budget.