Original article by Andrew Clennell, Sam Buckingham-Jones
The Australian – Page: 1 & 6 : 20-Jun-18
The New South Wales Government’s June 2018 Budget has forecast a surplus of $A3.9bn in 2017-18, and surpluses of at least $A1.4bn in each of the next four financial years. However, spending on transport infrastructure projects will see the state’s net debt blow out to $A28.6bn in 2021-22. The government has also announced a raft of spending measures aimed at families, while it has unveiled plans for a sovereign wealth fund that will own a 49 per cent stake in WestConnex after the balance of the toll road is privatised.
NEW SOUTH WALES. THE TREASURY, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, NEW SOUTH WALES. DEPT OF TOURISM, SPORT AND RECREATION, AUSTRALIAN LABOR PARTY, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY