❓ Dr. Steve Thomas questions the Treasurer about WA's public sector net debt from 2017 to projected figures in 2026, and the associated interest costs. The Treasurer provides some figures and refers to budget papers for further details.
AnsweredQoN 400Legislative Council
QuestionView source ↗
PUBLIC SECTOR NET DEBT
400. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I refer to today's state
budget.
(1) What was the total public sector
net debt at 30 June 2017?
(2) What was the total public sector
net debt at 30 March 2022?
(3) What is the estimated total
public sector net debt at 30 June 2023, 2024, 2025 and 2026?
(4) What was the interest cost for the total public
sector net debt in 2017–18, 2018–19, 2019–20 and 2020–21?
400. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I refer to today's state
budget.
(1) What was the total public sector
net debt at 30 June 2017?
(2) What was the total public sector
net debt at 30 March 2022?
(3) What is the estimated total
public sector net debt at 30 June 2023, 2024, 2025 and 2026?
(4) What was the interest cost for the total public
sector net debt in 2017–18, 2018–19, 2019–20 and 2020–21?
AnswerView source ↗
I thank the Leader of the Opposition
for some notice of the question. The following answer is provided on behalf of
the Treasurer.
(1)–(2) Net
debt is expected to decline for a third consecutive year to $29.9 billion at 30
June 2022, which is the first time since 2015 that net debt has been below $30 billion.
It is almost $14 billion lower than the $43.7 billion projected under the
previous Liberal–National government.
(3) I refer to page 48 of the 2022–23
budget paper No 3.
(4) The answer is in tabular form
and I seek leave to have it incorporated into Hansard .
[Leave granted for the following
material to be incorporated.]
2017–18
$1,688
million
2018–19
$1,756
million
2019–20
$1,564
million
2020–21
$1,325
million
for some notice of the question. The following answer is provided on behalf of
the Treasurer.
(1)–(2) Net
debt is expected to decline for a third consecutive year to $29.9 billion at 30
June 2022, which is the first time since 2015 that net debt has been below $30 billion.
It is almost $14 billion lower than the $43.7 billion projected under the
previous Liberal–National government.
(3) I refer to page 48 of the 2022–23
budget paper No 3.
(4) The answer is in tabular form
and I seek leave to have it incorporated into Hansard .
[Leave granted for the following
material to be incorporated.]
2017–18
$1,688
million
2018–19
$1,756
million
2019–20
$1,564
million
2020–21
$1,325
million
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