❓ Shadow Treasurer Barnett questions the Treasurer about projected increases in the net debt to revenue ratio, seeking to understand the debt tolerance before exceeding a 45% threshold. The Treasurer's response deflects by highlighting lower revenue growth compared to the previous government.
AnsweredQoN 1874Legislative Assembly
QuestionView source ↗
Given that the ratio of net debt to revenue is forecast to rise to 42.4% in 2002/2003 and 43.6% in 2003/2004, will the Treasurer advise by how much net state debt can afford to blow out in excess of its forecast levels for the above financial years before the ratio of net debt to revenue will exceed 45%?
AnswerView source ↗
Answered
27 June 2002
Response time
15 days
Importantly, the low forecast growth in general government revenue in 2002-03 (of 1.8%, compared with average revenue growth of 6.6% per annum under the previous government) is a major contributing factor to the increase in the net debt to revenue ratio in 2002-03. To illustrate this, it is estimated that if general government revenue were to grow at the same rate in 2002-03 as in 2001-02 (estimated at 3.5%), the net debt to revenue ratio in 2002-03 would be 40.6%, compared with the 42.4% currently estimated.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.