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Parliamentary Questions


Question Without Notice No. 739 asked in the Legislative Council on 16 September 2021 by Hon Dr Steve Thomas

Parliament: 41 Session: 1

NET DEBT — 2021–22 STATE BUDGET

739. Hon Dr STEVE THOMAS to the minister representing the Treasurer:

I refer to the 2021 budget papers, which indicate that total public sector net debt is expected to drop to $32 billion this financial year but rise to $35 billion by 2023–24 and $36 billion by 2024–25 and the minister's refusal to answer my questions yesterday, so I ask them again.

(1) What was the total public sector net debt when the McGowan government came to power in March 2017?

(2) Is total public sector net debt budgeted to be higher or lower in 2024–25 than the level the McGowan government inherited in 2017 and by how much?

Hon STEPHEN DAWSON replied:

I thank the honourable member for some notice of the question. The following answer is provided on behalf of the Treasurer.

(1) When the McGowan government came to power in March 2017, total public sector net debt was budgeted to reach $43.7 billion.

(2) Total public sector net debt in 2024–25 —

Several members interjected.

Hon STEPHEN DAWSON: Are members listening? If they do not listen, I do not have to give the answer. The answer is —

(2) Total public sector net debt in 2024–25 will be lower than the $43.7 billion of net debt that the McGowan government inherited when it came to power in 2017. I refer to the 2021–22 budget paper No 3.